The Daily Shot Brief – April 10th, 2018




The United States: Is the trade deficit with China lower than it appears? The charts below show what happens when services, trade with Hong Kong, and the value-add import adjustments are incorporated.

Source: Mark Doms, Nomura Securities


Equity Markets: We continue to see investor sentiment souring rapidly.

Source: Piper Jaffray

Here is the retail investor sentiment index from TD Ameritrade. This “return to reality” is quite positive for the market.

Source: TD Ameritrade


Credit: High-yield ETFs saw record outflows in the first quarter.

Source: @EricBalchunas


China: The country’s smartphone sales are slowing.

Source:, h/t Paul Menestrier; Read full article


Eurozone: The European sector PMI report shows a broad slowdown.

Source: IHS Markit; Read full article


Commodities: This chart shows the top US agricultural export destinations over time.

Source: Moody’s Investors Service


Rates: The US “soft-data” economic surprise index suggests that Treasury yields should be lower.

Source: Piper Jaffray


Food for Thought: Gasoline taxes by state.

Source: @howmuch_net ; Read full article



Edited by Joseph N Cohen

To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.

If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.

The Daily Shot Premium is also available online at

If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to

Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis.

Contact the Daily Shot Editor:

Leave a Reply