The Daily Shot Brief – August 18th, 2017

Greetings,

 

The United States: Here is the July labor participation rate among young Americans. Fewer teens seem to be working during the summer.

Source: @EricMorath; Read full article

 

Credit: HY corporate bonds are starting to see some hefty outflows.

Source: @lcdnews

 

Equity Markets: Cash holdings of US non-financial firms continue to climb.

Source: @IIF, @josephncohen

 

Energy Markets: The decline in US crude oil inventories this year (discussed here) has been the largest in years.

Source: @JKempEnergy

 

The Eurozone: For now, the Eurozone’s growth remains on par with the US.

Source: @WSJGraphics; Read full article

 

China: The Caixin PMI metric (from IHS Markit) appears to be measuring large company performance, which is not correlated to business activity at medium and small firms. More on this later.

Source: Natixis, @joshdigga

 

Canada: Is the Canadian housing inflation rate about to slow?

Source: Deutsche Bank, @joshdigga

 

Global Developments: Who are the world’s largest manufacturing exporters?

Source: BMI Research

 


Food for Thought: Which metropolitan areas offer the biggest bang for the buck?

Source: @taxfoundation; Read full article

 

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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