The United States: The multi-decade lows in the US jobless claims overstate the strength of the labor market. According to Capital Economics, many states have tightened their unemployment compensation requirements after 2008, reducing the number of Americans who qualify for these benefits.
The Eurozone: Here are the shadow rates for the largest Eurozone economies. Italy’s effective monetary policy is substantially tighter than the rest of the euro area.
Equities: Homebuilders’ (and related) shares are soaring. Here is the relative performance over the past month.
China: Some analysts question Beijing’s GDP growth figures as the nation’s energy consumption slows.
Global Developments: This chart shows long-term investors’ allocation plans (IIF survey).
Food for Thought: Corporate America is shifting focus to Gen-Z:
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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