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
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to email@example.com.
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/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com