The Daily Shot Brief – January 31st, 2018

Greetings,     The United States: Will incomes rise sufficiently to justify the brisk consumer spending? Will it happen before higher interest rates make consumer debt much more expensive? Separately, consumer spending on pleasure boats, aircraft, and other recreational vehicles is rising at the fastest pace since 2005. Is it the wealth effect?   The …

The Daily Shot Brief – January 26th, 2018

Greetings,     The United States: Economists continue to predict an acceleration in US wages.   The Eurozone: German business climate keeps improving. However, there is a widening gap between the current conditions and business expectations. The second set of charts below shows the sector breakdown.   Equity Markets: Analysts continue to raise concerns about …

The Daily Shot Brief – January 25th, 2018

Greetings,     The United States: The January Markit PMI report on US business activity shows some divergence between manufacturing and services.   The Eurozone: There are signs of higher inflation down the road. • The price component of the PMI report: • The PMI “delivery times” index:   Equity Markets: Pension funds keep reallocating out of …