The Daily Shot Brief – June 26, 2026
This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
Trimmed-mean and median PCE inflation accelerated.
Asia-Pacific
The Kospi plunged, triggering a second trading halt this week.
China
China’s seaborne crude oil imports are on track to fall to their lowest level since 2016 in June.
Emerging Markets
MSCI EM semiconductor stocks have more than doubled relative to Magnificent 7 stocks this year, highlighting a dramatic shift in AI leadership from hyperscalers to chipmakers.
Equities
A century-long measure of US equity market concentration shows today’s concentration is elevated but not unprecedented, with comparable peaks occurring in the late 1920s and late 1950s.
Credit
Credit spreads are historically tight, even as default rates have picked up.
Commodities
Gold is on track for the fourth consecutive week of declines.
