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 …

The Daily Shot Brief – August 2nd, 2017

Greetings,   The United States: This chart shows quarterly residential investment growth. It’s important to note that residential investment impacts far more than just construction jobs.   China: The Markit PMI report shows solid manufacturing sector growth in China.   Equity Markets: The President’s tweets about the stock market have increased in frequency.   Emerging …

The Daily Shot Brief – August 1st, 2017

Greetings,   The United States: Credit card charge-off rates at banks have risen meaningfully this year.   Bitcoin: Bitcoin is heading back toward record levels reached back in June.   Equity Markets: Many industries are becoming concentrated as the largest firms gain revenue share.   Emerging Markets: The Russian ruble isn’t benefitting from the rally in …

The Daily Shot Brief – July 27th, 2017

Greetings,   The United States: Consumer loan charge-offs have been on the rise recently despite a strong labor market.   China: This chart shows the growth of shadow banking assets in China. There are indications that the PBoC’s tightening has moderated this expansion in recent months. Here is the composition of China’s shadow banking.   Rates: Here …

The Daily Shot Brief – July 26th, 2017

Greetings,   The United States: According to the Conference Board, consumer confidence in the US remains elevated, beating economists’ expectations. The “present situation” component of the Conference Board’s report has been exceptionally strong. Will we see this trend translate into higher consumer spending?   Global Developments: Is the recent growth in world trade about to slow?   …