Greetings,
The United States: Weaker business orders (and diminishing logistics bottlenecks) point to downside risks for transportation and warehousing jobs.
Europe: European bank stocks continue to underperform.
China: Consumption now makes up a greater share of China’s GDP growth.
Global Developments: This chart shows the global disconnect between manufacturing and services
Food for Thought: The US cigarette volume (see story)
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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