Greetings,
United States: Residential construction continues to surprise to the upside. The January housing starts and building permits exceeded market expectations.
United Kingdom: Real earnings are finally above the pre-crisis peak.
China: Other than the count adjustment a few days ago, the number of new coronavirus cases has been slowing.
Equities: According to Oxford Economics, US tech sector valuations have reached levels that have historically led to underperformance.
Global Developments: Capital Economics expects the coronavirus hit to be big enough for global GDP to contract this quarter.
Food for Thought: Income mobility:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
