The Daily Shot Brief – August 29th, 2017

Greetings,

 

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), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


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