Greetings,
The United States: The current economic expansion is expected to be the longest and one of the slowest on record.
Equity Markets: VIX remains dislocated relative to RVX. For those who can trade implied volatility on the S&P 500 and the Russell 2000, this could be an opportunity.
Energy Markets: US states plan installations of massive offshore wind turbines. The problem is that most are made in Europe.
The Eurozone: Analysts expect construction activity to improve in the Eurozone, further boosting economic growth.
Cryptocurrency: Bitcoin blasts past $11k.
Credit: High-yield bond funds saw significant outflows in recent weeks.
Food for Thought: Here is the word count of social media company names in the latest Robert Mueller indictment.
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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