Greetings,
The United States: US trade deficit excluding petroleum products hit a new record.
Canada remains the biggest export destination for most states.
Finally, here are the exports to China. This chart indicates which states will struggle the most in the case of a US-China trade war.
Credit: The retail sector credit situation continues to deteriorate.
Equity Markets: US companies with the greatest sales exposure to the US (as opposed to global sales) have underperformed.
Emerging Markets: Saudi Arabia is facing a credit contraction as bank liquidity growth slows sharply.
The Eurozone: Is the ECB going to overestimate its inflation projection again? Will lower inflation counterbalance the negative impact of a stronger euro?
Is the central bank overestimating the Eurozone wage growth as the unemployment rate declines?
Energy Markets: The declines in global crude oil stockpiles have accelerated.
Food for Thought: Views on transgender bathroom use by country.
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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