The Daily Shot Brief – July 22nd, 2019

Greetings,   The United States: The charts below show consumer loan application rates (the percentage of households applying for loans) and rejection rates.   The Eurozone: Germany’s stock market performance over the past fifteen years has been driven by dividends.   China: Below is an illustration of China’s tech sector manufacturing supply chain.   Global …

The Daily Shot Brief – July 17th, 2019

Greetings,   The United States: Recent trends in railcar loadings point to softer manufacturing production and trade.   The Eurozone: Bets on lower Bund yields (blue) remain elevated. Still a crowded trade?   China: Home price appreciation remains robust.   Global Developments: Global stock valuations don’t look excessive (relative to the past ten years).   Food …

The Daily Shot Brief – July 3rd, 2019

Greetings,   The United States: Small business hiring continues to slow, but wage growth remains robust.   The Eurozone: Will the RBA’s dovish stance ultimately push the Australian dollar lower?   China: Large company sentiment is weakening.   Global Developments: Below is the 12-month change in the manufacturing PMI (business activity) by country.   Food for Thought: …

The Daily Shot Brief – July 1st, 2019

Greetings,   The United States: Corporate  confidence has deteriorated. Here is the Vistage CEO Confidence Index.   The Eurozone: The euro-area inflation remains relatively soft, which is boosting the probability of the ECB implementing further easing measures.   China: China’s financial conditions have been improving this year. Will the GDP follow?   Emerging Markets: Real money …