Greetings,
The United States: Small business sentiment eased this year.
The Eurozone: The ECB’s liftoff expectations have been pushed further out. The second chart below shows a forecast for the central bank’s policy rates (from Pictet Wealth Management).
Equities: Will margin growth deteriorate over the next couple of years?
China: Goldman’s market-implied growth indicator:
Global Developments: Economic surprise indices tumbled in recent months.
Food for Thought: How long do recessions last?
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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