The Daily Shot Brief – April 5th, 2018

Greetings,

 

 

The United States: After being a drag on the GDP (austerity), the federal government now has a positive contribution to growth.

Source: NY Fed, h/t Paul Menestrier; Read full article

 

Equity Markets: Analysts remain constructive on the stock market amid sharply higher earnings revisions last quarter.

Source: Jack Ablin, Cresset Wealth Advisors

 

Credit: The Moody’s Liquidity Stress Indicator remains near the lows amid ‘tepid defaults.’ However, the index saw a slight increase recently after some downgrades which included Tesla’s bonds.

Source: Moody’s Investors Service

 

Emerging Markets: Which countries will be impacted by the US tariffs on China as part of the supply chain?

Source: Capital Economics

 

Energy: Are energy stocks undervalued? Perhaps the stock market is pricing in lower oil prices ahead?

Source: Market Ethos, Richardson GMP

 

Japan: Japan’s labor markets remain extremely tight, with the February payrolls decline driven by voluntary resignations.

Source: Pantheon Macroeconomics

 

Rates: The market does not anticipate the US yield curve to flatten much more this year.

Source: Credit Suisse

 

 


Food for Thought: Which states have poor road quality?

Source: Deutsche Bank Research

 

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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