The United States: This study shows the impact of tariff increases on the economy.
Equity Markets: Is VIX being manipulated? Any index that relies on quotes rather than transactions is vulnerable.
China: China’s new unemployment index is nearly as useless as the previous one.
Energy Markets: The Brent options skew shows an increasingly bullish bias.
Emerging Markets: Mexico’s GDP per capita has been nearly flat for years.
Eurozone: The Eurozone inflation rate has diverged from oil prices.
Rates: Large US domestic banks have been injecting dollar liquidity into their foreign offices. This trend certainly helps tighten the cross-currency swap basis.
Credit: The Moody’s B3 (and below) list of leveraged/stressed companies continues to shrink. The peak was in 2016 when the energy sector came under severe pressure from weak oil prices.
Cryptocurrency: Crypto funds are struggling.
Food for Thought: Global greenhouse gas emissions by industry.
Have a great weekend!
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 firstname.lastname@example.org.
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