Greetings,
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
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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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