Greetings,
The United States: US tariffs are expected to hit lower-income households disproportionally.
China: China’s trade surplus continues to trend lower.
The Eurozone: The Eurozone GDP tracker is off the highs but appears to have stabilized. The ECB is likely to proceed with the conclusion of its securities purchase program.
Equity Markets: This has been a strong earnings season.
Global Developments: Investor complacency is widespread in developed markets. Advanced economies are not insulated from emerging markets’ troubles. This chart shows the JP Morgan DM vs. EM volatility indices.
Emerging Markets: A stronger dollar could spell more pain for EM stocks.
Food for Thought: Best- and worst-paying college majors:
Have a great weekend!
Edited by Joseph 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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