The Daily Shot Brief – June 25, 2026
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Asia-Pacific
Korea’s cash on the sidelines relative to equity market capitalization has fallen to a record low, suggesting limited liquidity to absorb selling pressure and leaving the equity market increasingly vulnerable to a correction, according to BCA research.
China
Satellite data pointed to subdued activity in May.
India
India’s southwest monsoon rainfall is off to a rough start, running 42% below normal in June and posing a risk to Kharif crop production. July rains are expected to be the critical determinant of agricultural outcomes.
Emerging Markets
Argentina’s sovereign spread relative to US Treasuries has fallen to about 430 bps, improving market access and increasing expectations that the government could soon return to international debt markets.
Equities
This chart shows the largest sectors in the S&P 500 over the past five decades.
Credit
US investment-grade bond issuance reached a record June volume, driven by $25 billion offerings from Nvidia and SpaceX.
