The Daily Shot Brief – August 18th, 2017



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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