The Daily Shot Brief – October 18th, 2017

Greetings,   The United States: US consumers still have not recovered from the 2008 economic shock. Discretionary service spending is improving much slower than during the previous cycles.   The Eurozone: Analysts continue to suggest that the euro is overvalued.   China: China’s rising budget deficit (including state-owned enterprises) points to increased fiscal stimulus in recent …

The Daily Shot Brief – October 16th, 2017

Greetings,   The United States: US retail sales beat consensus, but the latest monthly increase was driven by the hurricanes (damaged/flooded car replacements and higher spending on gasoline). On a year-over-year basis, retail sales growth remains stable (shown here ex. gasoline spending).   Credit: US banks continue to report a rise in consumer loan delinquncies. …

The Daily Shot Brief – October 13th, 2017

Greetings, Global developments: Global earnings growth has been relatively synchronized.   The United States: The hurricanes’ impact on the US initial unemployment claims has not been as bad as some had feared.   Europe: The Eurozone industrial production continues to improve, exceeding economists’ forecasts.   China: The 10yr government bond yield is hovering just below …

The Daily Shot Brief – October 12th, 2017

Greetings,   Credit: Puerto Rico’s general obligation debt took another leg down. Here are the updated Moody’s ratings for each state’s general obligation debt. Europe: The Catalonia jitters had generated record levels of trading in Spanish government bonds. But the concerns appear to be easing now as the bond curve flattens (investors roll into longer …