Greetings,
The United States: What’s the impact of the new tax bill on the GDP growth over the next couple of years?
Global Developments: The global manufacturing boom should send the world GDP growth to a multi-year high.
The Eurozone: Here is a forecast for the real GDP and the debt-to-GDP ratio in Italy, France, Germany and the Eurozone.
Credit: This chart shows the total syndicated corporate loan volume since 1991.
Emerging Markets: Manufacturing activity in several EM economies keeps improving (in tandem with developed markets).
• Brazil manufacturing PMI:
• India manufacturing PMI:
Rates: The copper-to-gold ratio suggests that longer-dated Treasury yields have room to advance.
Equity Markets: In 2017 the S&P 500 did not have a single monthly decline and has now risen for 14 months in a row. This has never happened before. How long can this trend continue?
Energy Markets: Hedge funds are on the other side of the swap dealers’ trades, with net positions (both in Brent and WTI crude) also the highest on record.
Food for Thought: High-profile sexual harassment cases by industry.
Edited by Joseph N 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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