The Daily Shot Brief – August 17th, 2017

Greetings,   The United States: The markets saw the concerns about this persistently low inflation by some FOMC members as a dovish sign. Treasury yields and the dollar slumped.   Credit: More investors see corporate debt as overvalued.   Equity Markets: High-frequency trading revenues continue to shrink as market volatility collapses.   Emerging Markets: South …

The Daily Shot Brief – August 10th, 2017

Greetings,   The United States: Unit labor costs in the US came in below consensus, suggesting that inflation should remain benign. The chart below shows the quarterly changes in labor costs (4-quarter moving average) trending lower. While slower growing unit labor costs should make the US workforce more competitive internationally, it’s hard to compete with …

The Daily Shot Brief – August 8th, 2017

Greetings,   The United States: As car manufacturers pull the discounts, auto sales slip. Department stores have experienced severe deflationary pressures, which haven’t been as much of a problem for non-store retailers.   Credit: This chart shows commercial property delinquency rates by sector in CMBS portfolios. Anchored retail (such as strip malls) now have the highest failure …