(((The Daily Shot)))

A new experience for The Daily Shot is on the way. Over the course of the week, we’ll tell you more about it. Stay tuned!

Data from a World Gold Council and YouGov survey shows a record 95% of central bank representatives expect global gold reserves to increase over the next year. Source: @chartrdaily

The ratio of the equal-weighted consumer discretionary index to the S&P 500 has fallen below the lows seen during the global financial crisis. Source: BofA Global Research

Excluding hardware technology, EM share prices are much less flattering. Source: BCA Research

Taiwan’s stock market capitalization rose to $4.95 trillion, surpassing India’s to become the world’s fifth-largest equity market, driven by a rally in Taiwan Semiconductor Manufacturing Co. amid investor enthusiasm for AI and semiconductor-related stocks. Source: @markets

The Fed’s Treasury holdings have risen in absolute terms but stand below the pre-GFC average as a share of the overall market. Source: Goldman Sachs

UBS’s balance sheet is bigger than Switzerland’s economy. Source: @financialtimes

The 3Fourteen GPU Availability Index has declined sharply since the start of the year, indicating upward pressure on pricing. Source: @3F_Research

🇺🇸 US national average gas price has been above $4 per gallon for 56 consecutive days.

The 10-year breakeven inflation (BEI) rate has been stable in the US but has risen elsewhere. Notably, Japan’s BEI has risen above 2% and largely converged with that of the rest of the developed world.

Here's how global assets performed in the week ending May 22, 2026. #investing

The decline in the number of public companies has been driven by the disappearance of small companies. Source: @a16z

How are stocks and oil doing this weekend so far? Source: @HyperliquidX h/t @MikeZaccardi

The grains-to-urea price ratio has fallen to its lowest level since at least 1960, indicating that fertilizer affordability has deteriorated. This trend raises the risk that farmers will reduce application rates, which would put downward pressure on crop yields and upward pressure on food prices. Source: @OxfordEconomics

The three-month correlation between energy and the S&P 500 has reached its most negative level on record. Source: @_rob_anderson

🇺🇸 US high-frequency dashboard, composed of daily and weekly economic indicators (updated as of May. 22, 2026). #economy

Although SpaceX was originally pitched as a space exploration company, its most profitable segment is Starlink. Source: @PitchBook

The long-term outperformance of “new era” stocks has closely tracked the rising share of new-era economic activity in GDP since 1990. Source: paulsenperspectives.substack.com/p/bifurcated-s…

The global developed world 10yr yield is now at the highest 2008 @soberlook thedailyshot.com/subscribe/

The gap between Asian semiconductor export prices and shipment volumes widened to a record high. Source: @OxfordEconomics

🇺🇸 The 2-year/10-year Treasury yield curve has bear steepened. h/t @EffMktHype