Greetings, The United States: A 0.25% Fed rate hike this week is now fully priced into the market. The Asia – Pacific: South Korea has been losing market share to China in automobile exports to the US. With the new tariffs against China, however, South Korea could regain some ground. China: Demand …
Continue reading “The Daily Shot Brief – September 24th, 2018”
Greetings, The United States: This chart shows how Americans view the probability of losing their job in the next five years (by education level). The Asia – Pacific: Japan’s recent stock market rally has been impressive. China: Here is an estimate of the US-China trade war’s impact on economic growth. Europe: …
Continue reading “The Daily Shot Brief – September 19th, 2018”
Greetings, The United States: Younger Americans are much more nervous about buying a home than the older generations. This divergence is a recent phenomenon. The United Kingdom: After years of declines, mortgage rates are expected to start climbing next year. China: The World Economics’ SMI points to further deterioration in China’s manufacturing …
Continue reading “The Daily Shot Brief – September 18th, 2018”
Greetings, The United States: Will the yield curve inversion boost the odds of a recession? Below is the latest survey result from the WSJ. The United Kingdom: A “hard Brexit” economic shock could devastate the UK’s property market. China: China’s P2P lending activity continues to slow. The Eurozone: Wage indicators across the Eurozone are …
Continue reading “The Daily Shot Brief – September 17th, 2018”
Greetings, The United States: Relative to other countries, US housing valuations do not appear to be stretched. The United Kingdom: The nation’s housing market momentum is slowing again. China: Here is Goldman’s China current activity indicator. The Eurozone: The ECB downgraded its forecast (slightly) for the GDP growth and inflation. The central …
Continue reading “The Daily Shot Brief – September 14th, 2018”
Greetings, The United States: US imports of consumer electronics from China have accelerated over the past couple of years. The United Kingdom: Goldman’s Eurozone GDP tracker fell sharply in response to the industrial production report. The Eurozone: Goldman’s Eurozone GDP tracker fell sharply in response to the industrial production report. Equity …
Continue reading “The Daily Shot Brief – September 13th, 2018”
Greetings, The United States: The maximum fed funds rate in this cycle is expected to be around 3.0 – 3.5%. It does not leave sufficient room to cut rates in the next recession unless the Fed takes the rate below zero or restarts QE. Many states will get hit hard without a more traditional …
Continue reading “The Daily Shot Brief – September 12th, 2018”
Greetings, The United States: The market reaction to Friday’s upside wage growth surprise was far more benign than after a similar report in February. Volatility across key markets has been flat since Friday. China: While China has a record trade surplus with the US, the nation runs a deficit with other major trading …
Continue reading “The Daily Shot Brief – September 11th, 2018”
Greetings, The United States: US consumers, especially those with higher incomes, are increasingly concerned about tariffs. China: China’s export growth appears to be overstated based on trade data reported by the nation’s trading partners. The Eurozone: Sweden’s central bank (Riksbank) pushed out its forecast for rate increases – again. It also downgraded …
Continue reading “The Daily Shot Brief – September 7th, 2018”
Greetings, The United States: Manufacturing reports continue to show rapid inventory build. The Daily Feather: – Major restocking tends to coincide with the economy emerging from a recession, making the current inventory build unusual – in a bad way. Fear is driving companies to overbuild inventories. Transportation bottlenecks and worries over future higher-priced input …
Continue reading “The Daily Shot Brief – September 5th, 2018”
