Greetings,
Administrative Update
The next Daily Shot Brief will be out on Monday, December 30th.
Equities: Below is the consensus forecast for the S&P 500 (above 3,400 next year).
Energy: The recent rally in oil prices seems to be inconsistent with rising inventories.
Emerging Markets: According to Oxford Economics, global industrial growth proxies like copper prices have led the EM forward earnings per share (EPS) growth.
China: According to corporate filings, Chinese companies don’t lose money. This data quality issue is one of the reasons many foreign investors remain cautious on Chinese shares.
United States: This chart shows the percentage of manufacturing sub-sectors that are in contraction.
Food for Thought: Admissions competition at selective colleges:
The Daily Shot Brief will be back on Monday, December 30th.
Enjoy your holidays!
Edited by Daniel Moskovits
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