The Daily Shot Brief – August 29th, 2017



The United States: How did the various economic metrics respond to natural disasters in the past?

Source: Goldman Sachs, @joshdigga


Credit: Small corporate loans (under $100mm) have been experiencing lower default rates. This is partially due to smaller firms having limited access to leverage.

Source: S&P Market Intelligence


Equity Markets: We are in for a volatile Tuesday as North Korea lobs a missile across the skies of Japan. The concern now is whether we will see more “fire and fury” from the Trump administration.

S&P 500 futures:


VIX futures:



China: This chart shows the sector breakdown for offshore dollar-denominated bonds issued this year. A rising renminbi is helpful for these issuers (reducing their liabilities in CNY terms).

Source: Natixis, @joshdigga


The Eurozone: The euro keeps climbing.



Emerging Markets: India has the highest real rates among its Asian peers. Will the RBI consider further rate cuts soon?

Source: @acemaxx, @business, @josephncohen; Read full article


Energy Markets: With a good portion of US refinery capacity closed for business due to Hurricane Harvey, demand for US crude oil has fallen. NYMEX crude futures tumbled.



Food for Thought: In a market share grab, Amazon has “solved” the Whole Foods’ key problem: high prices.

Source: @WhatILearnedTW

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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