Greetings,
The United States: Higher gasoline prices more than offset the benefits of reduced income taxes for low-income Americans.
Equity Markets: Corporate cash hits new highs. Will we see more stock buybacks?
China: Household incomes are growing slower than the GDP.
However, the “smoothed” official GDP may be overstated.
Energy Markets: This chart shows a forecast for US renewable energy growth.
Emerging Markets: EM equity ETF inflows continue.
Eurozone: Improved construction activity should pull more euro area residents into the labor force (as pay improves).
Rates: The 2yr US – Germany spread hit 300 basis points for the first time since the 1990s.
Austrailia: The Aussie dollar dropped after the jobs report.
Food for Thought: Airtime devoted to different topics.
Edited by Joseph N 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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