The Daily Shot Brief – August 22nd, 2018



The United States: Oxford Economics is forecasting weaker business investment growth going forward.

Source: Oxford Economics


China: China’s domestic bond issuance has slowed.

Source: Goldman Sachs


The Eurozone: Investors are concerned that the new Italian government will embark on a more expansionary fiscal policy. The political parties in charge are still very popular.

Source: Goldman Sachs

Here are some debt-to-GDP scenarios.

Source: Goldman Sachs


Equity Markets: The Merrill Lynch Fund Manager Survey shows that fewer investors expect profits to improve. That’s inconsistent with cyclicals outperforming defensive shares.

Source: BofA Merrill Lynch Global Research


Global Developments: What do export volumes in emerging markets tell us about the global GDP growth?

Source: Capital Economics


Emerging Markets: Fund managers’ allocations to EM equities are not near the crisis lows. Is there room for a further selloff?

Source: BofA Merrill Lynch Global Research

However, EM equity valuations relative to the S&P 500 suggest that the underperformance is over.

Source: Bloomberg, @jsblokland


Food for Thought: The share of Americans who are uninsured or have struggled with healthcare affordability:

Source: @axios




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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