The Daily Shot Brief – April 27th, 2018

Greetings,     The United States: Unlike in many parts of the world, US small and medium-sized businesses are a substantial component of the economy.   Equity Markets: Analysts are boosting US corporate earnings forecasts again.   The United Kingdom: Consumer sentiment took a hit.   Commodities: Grain prices are consolidating.   Emerging Markets: Argentina’s central …

The Daily Shot Brief – April 19th, 2018

Greetings,     The United States: Higher gasoline prices more than offset the benefits of reduced income taxes for low-income Americans.   Equity Markets: Corporate cash hits new highs. Will we see more stock buybacks?   China: Household incomes are growing slower than the GDP. However, the “smoothed” official GDP may be overstated.   Energy Markets: This …

The Daily Shot Brief – April 17th, 2018

Greetings,     The United States: Retail sales rebounded in March, returning to the recent trend. However, the “control group” retail sales (excludes autos, gasoline, building materials and food services) were disappointing (second chart).   Equity Markets: How long before the start of a recession does the market experience the most amount pain?   China: China’s manufacturing …