Greetings,
The United States: Q2 GDP growth was revised higher.
This revision is due to a boost from initially reported consumer spending.
China: According to Gavekal Research, developers’ onshore debt extensions have been rapidly accumulating. Next year’s maturity wall looks alarming.
Energy: US frackers are expected to make $200 billion this year.
Equities: Corporate margins hit a multi-decade high last quarter.
Hedge funds’ favorite long picks have significantly underperformed their short picks over the past 12 months.
Global Developments: The US dollar appears to be overbought.
Food for Thought: Here’s a look at stay-at-home stocks.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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