The United States: 2017 was a bad year for the dollar. Will the US currency weakness drive up export growth?
China: Beijing is ramping up social media censorship.
Europe: The Norwegian krone hit a multi-year low despite higher oil prices (shown against the euro below).
Credit: US leveraged loan issuance is officially at a record high in 2017.
Emerging Markets: Brazil’s sovereign credit default swap spread continues to tighten.
Will excessive government spending derail the ongoing credit improvements?
Bitcoin: This chart shows the cryptocurrencies with the highest market cap.
Rates: What happens to US economic indicators during a bond bear market?
Equity Markets: This chart shows the flows into smart beta ETFs.
Energy Markets: The net US crude oil imports are consistently below levels from the previous years (US crude exports remain elevated since Harvey).
Food for Thought: Who is working during the Christmas week?
On that note…we aren’t either. There will be no Daily Shot Brief from December 25th to January 1st.
Enjoy the holidays!
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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