The Daily Shot Brief – May 22, 2026
United States
The Atlanta Fed’s GDPNow model is tracking Q2 GDP at 4.3%.
Canada
Small-business confidence deteriorated sharply in May.
United Kingdom
The CBI’s gauge of industrial orders worsened in May, falling to its lowest level since September 2020.
Euro Area
Consumer confidence in the euro area improved modestly in May, likely aided by fuel duty cuts. However, sentiment remains depressed by geopolitical tensions and slowing real income growth, pointing to subdued consumer spending and downside risks to the consumption outlook.
Emerging Markets
The Borsa Istanbul 100 Index fell below its 100-day moving average.
Equities
The three-month correlation between energy and the S&P 500 has reached its most negative level on record.
Rates
The Fed’s Treasury holdings have risen in absolute terms but stand below the pre-GFC average as a share of the overall market.
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