The Daily Shot Brief – April 3rd, 2018




The United States: Here is how homeowners have been tapping their home equity (blue = home-equity loans, gray = cash-out refinancing).

Source: Black Knight


Equity Markets: The S&P 500 valuations are back to the early-2016 levels. Are earnings projections way off? Is the market pricing in the end of the economic cycle?

Source: Bloomberg

Despite the market jitters, Deutsche Bank sees earnings growth accelerating this year.

Source: Deutsche Bank Research


 Credit: Over the past twenty years, most corporate defaults were in the Americas.


Source: Moody’s Investors Service

Here are the 2016 corporate defaults by sector globally.

Source: Moody’s Investors Service


Emerging Markets: Foreign investment in China’s stock and bond markets should grow as Beijing liberalizes the nation’s financial markets.

Source: BMI Research


Canada: The nation continues to run a trade deficit in autos.

Source: Scotiabank Economics


Japan: Japan’s recent inflation increases have been mostly due to food and energy. But the ‘core’ inflation is finally in positive territory.

Source: Pantheon Macroeconomics


Cryptocurrency: Here is the search frequency for “ICO” and “Tide Pods.” Peter Atwater (Financial Insyghts) calls this “peak stupid.”

Source: Google Trends, Financial Insyghts



Food for Thought: What do you plan to do with your Facebook account?

Source: MagnifyMoney



Edited by Joseph N Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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