The Daily Shot Brief – February 10th, 2020

Greetings,

 

United States: Americans are increasingly confident in their financial situation.

Source: Gallup; Read full article

 

Eurozone: Germany’s December factory orders and industrial production reports were so bad that analysts are using the “R” word again. Here is the breakdown by sector.

Source: @aila_mihr

Nonetheless, Commerzbank’s GDP tracker for Germany shows a rebound.

Source: Commerzbank Research

 

Asia-Pacific: Goldman Sachs expects the coronavirus to be a substantial drag on Taiwan’s and South Korea’s first-quarter GDP growth.

Source: Goldman Sachs

 

Equities: Analysts are concerned about elevated valuations. The chart below shows the S&P 500 forward 12-month P/E ratio (two different time scales).

Source: @RMKOutFront, @FactSet

 

Global Developments: China has become increasingly important to global growth.

Source: Oxford Economics

 

Food for Thought: Share of national income of the bottom 50%:

Source: Deutsche Bank Research

Edited by Daniel Moskovits

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