The Daily Shot Brief – May 24th, 2019

Greetings,   The United States: Containerboard production is another indicator pointing to softer growth ahead.   The Eurozone: At the Eurozone level, the divergence between manufacturing and services persists.   Equities: According to the IHS Markit PMI, corporate earnings will be under pressure going forward.   China: China’s household debt (as % of income) has …

The Daily Shot Brief – May 23rd, 2019

Greetings,   The United States: These are the industries that will benefit from the de-escalation of North American trade tensions.   The Eurozone: Here is an illustration of the EU’s institutions.   Equities: The S&P 500 has been consolidating recently, suggesting higher volatility ahead.   Australia: The Aussie dollar has diverged from the Australian-US rate differential.   …

The Daily Shot Brief – May 21st, 2019

Greetings,   The United States: The Fed has consistently been too pessimistic about the future trajectory of the unemployment rate.   The Eurozone: Are the Eurozone’s inflation expectations sufficiently low for the ECB to consider additional easing actions?   Equities: This chart shows the S&P 500 performance decomposed into the overnight and intraday price action. Lately, …

The Daily Shot Brief – May 17th, 2019

Greetings,   The United States: Some economists remain concerned about slowing business investment, especially as trade-related risks resurface.   The Eurozone: Capital Economics sees the Italian government budget deteriorating sharply next year, boosting bond yields.   Equities: Buybacks continue to prop up the stock market.   China: Here is the structure of China’s economy. Global …

The Daily Shot Brief – May 9th, 2019

Greetings,   The United States: Economists are puzzled by the diverging gauges of the labor market (see descriptions).   The Eurozone: Does Germany’s stronger industrial production point to improved GDP growth?   Equities: The Q1 earnings growth expectations have rebounded into positive territory. However, the second-quarter EPS growth consensus has moved into the red (vs. …