The Daily Shot Brief – December 21st, 2017

Greetings,

 

The United States: 2017 was a bad year for the dollar. Will the US currency weakness drive up export growth?

Source: Capital Economics

 

China: Beijing is ramping up social media censorship.

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

 

Europe: The Norwegian krone hit a multi-year low despite higher oil prices (shown against the euro below).

Source: The Daily Shot

 

Credit: US leveraged loan issuance is officially at a record high in 2017.

Source: @gadfly; Read full article

 

Emerging Markets: Brazil’s sovereign credit default swap spread continues to tighten.

Source: @macrolca

Will excessive government spending derail the ongoing credit improvements?

Source: @macrolca

 

Bitcoin: This chart shows the cryptocurrencies with the highest market cap.

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

 

Rates: What happens to US economic indicators during a bond bear market?

Source: Paul Schmelzing, BOE, h/t Paul; Read full article

 

Equity Markets: This chart shows the flows into smart beta ETFs.

Source: Credit Suisse

 

Energy Markets: The net US crude oil imports are consistently below levels from the previous years (US crude exports remain elevated since Harvey).

Source: Princeton Energy Advisors

 


Food for Thought: Who is working during the Christmas week?

Source: Egnyte

 

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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