Greetings,
The United States: The labor differential (“jobs plentiful” – “jobs hard to get”) once again points to a tight labor market.
![](https://thedailyshot.com/wp-content/uploads/US-Conf-Labor-diff2303010536.png)
Next, The Richmond Fed’s manufacturing index showed severe deterioration in the region’s business activity.
![](https://thedailyshot.com/wp-content/uploads/US-Richmond2303010536.png)
Europe: The contraction in Poland’s factory activity is slowing.
![](https://thedailyshot.com/wp-content/uploads/EU-Poland-PMI2303010536.png)
The United Kingdom: Brexit uncertainty has been less of a concern for businesses.
![](https://thedailyshot.com/wp-content/uploads/UK-Brexit2303010536.png)
China: The official manufacturing PMI showed a massive factory activity surge in February.
![](https://thedailyshot.com/wp-content/uploads/CH-PMI-Manuf2303010536.png)
Equities: Stocks still look overvalued. Here is the distribution of P/E ratios for the S&P 500.
![](https://thedailyshot.com/wp-content/uploads/EQ-Stocks-still-overvalued2303010536.png)
Commodities: Here is the February performance across key commodity markets.
![](https://thedailyshot.com/wp-content/uploads/CO-M2303010536.png)
Food for Thought: Gender pay and labor force participation gaps globally:
![](https://thedailyshot.com/wp-content/uploads/VTS-Gender-and-labor-force-participation-gaps2303010536.png)
Edited by Josh Oldmixon
Contact the Daily Shot Editor: Brief@DailyShotResearch.com