The Daily Shot Brief – August 1st, 2017

Greetings,

 

The United States: Let’s begin with the GDP report which was a touch weaker than expected.

 

Nonetheless, the second quarter expansion was more than double what we saw in the first quarter and represents a 2.1% increase from last year. Consumption drove much of the growth. Also, net exports were additive to the GDP for the second quarter in a row.

Source: Eric Winograd, AllianceBernstein

 

China: Residential property prices continue to show signs of strength.

Source: Moody’s Investors Service

 

Equity Markets: The percentage of bearish investors is approaching a multi-year low.

Source: Yardeni Research

For example, Merrill Lynch’s private clients remain heavily weighted in stocks, with extremely low allocations to bonds and cash.

Source: BofAML

 

Emerging Markets: Which nations have borrowed the most in foreign currencies, making them vulnerable to a currency crisis?

Source: Variant Perception; Read full article

 

The Eurozone: The euro rally remains intact. Is it overdone? Will a stronger euro make it more challenging for the ECB to begin removing stimulus?

 

 

Credit: Here are some statistics on infrastructure debt defaults.

Source: Moody’s Investors Service

 

Rates: Is the dollar oversold? The US currency has diverged from the slope of the yield curve on the short-end.

Source: Credit Suisse

Food for Thought: What do people hate in each state (bases on the Hater app)

 

Source: @DataIsBeautiful; Read full article

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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