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
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 DailyShotWSJ.com
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 email@example.com.
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.
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. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com