The Daily Shot Brief – August 20th, 2018



The United States: The August SMI (Sales Manager Index) report from World Economics also shows strong business activity in August. Business confidence keeps improving, and hiring has accelerated. More firms are boosting sales prices.

Source: World Economics


China: Growth in outward tourism has been a drag on China’s current account.

Source: Pantheon Macroeconomics


The Eurozone: Here are the contributors to the Eurozone’s inflation.

Source: Oxford Economics


Equity Markets: Tech firms have been driving the S&P 500 margin growth.

Source: Goldman Sachs


Global DevelopmentsHere is a comparison of earnings and sales growth for the S&P 500 vs. the rest of the world.

Source: SPDR Americas Research; Read full article


Emerging Markets: We haven’t seen a spike like this in EM F/X volatility in a decade.

Source: BofAML, @DriehausCapital

Here is the JP Morgan EM Volatility Index vs. the G7 equivalent (daily, since 2012).

Source: @TheTerminal


Food for Thought: How would you fund a large purchase?

Source: BofAML, @tracyalloway


Please note that we will not be publishing the Daily Shot Brief on the following days:

• August 23rd
• August 29th
• August 30th
• September 3rd

• On August 28th, we will have an abbreviated Daily Shot Brief focusing primarily on the Food for Thought section.



Edited by Joseph Cohen

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