The Daily Shot Brief – December 1st, 2017

Greetings,

 

The United States: Millennials are buying homes later in life, but they are starting to embrace homeownership. However, tight housing supplies and declining affordability could slow this trend.

Source: @ALROnHousing, @FannieMae; Read full article

 

The Eurozone: Despite rapidly improving economic conditions, Eurosceptic parties in Italy are gaining momentum.

Source: BMI Research

 

Rates: The last three rate hikes were fully priced in before the FOMC meetings. The Fed doesn’t like surprises.

Source: NY Fed; Read full article

 

Equity Markets: Demand for S&P 500 ETF (SPY) call options increased significantly in the past couple of days.

Source: @markets; Read full article

This chart shows the SPY 1-month volatility skew – now (orange) and a week ago (green). Call option buying is clearly visible on the right.

Source: Bloomberg

 

Bitcoin: Here is how Bitcoin compares to other recent financial bubbles.

Source: WSJ.com, h/t Paul Menestrier; Read full article

 

Emerging Markets: Moody’s upgraded Argentina’s sovereign debt.

Source: Moody’s Investors Service; Read full article

 

Credit: This table shows which pharmaceutical companies are at risk for opioid-related litigation.

Source: Moody’s Investors Service

 


Food for Thought: What do Millennials do while watching TV?

Source: Statista

 

Have a great weekend!


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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