The Daily Shot Brief – February 22nd, 2018




The United States: Will the new tax law keep some foreign companies from expanding their US operations?

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


Equity Markets: It’s worth noting that at a forward P/E ratio of just over 17x for the S&P 500, valuations do not appear to be stretched.

Source: Bloomberg


Energy Markets: This chart shows the number of “drilled but uncompleted” (DUC) wells in the US. More drilling ahead outside of the Permian Basin?

Source: CIBC, h/t Paul Menestrier


The Eurozone: Italy is unlikely to form a majority government in the upcoming elections.

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


Cryptocurrency: As promised, Venezuela is doing an ICO of its new cryptocurrency, the petro. It will be interesting to see where it trades relative to the bolivar.

Source: The NY Times; Read full article


Credit: The percentage of stressed loans on the balance sheets of BDCs has risen lately.

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


Emerging Markets: What are the possible outcomes for Mexico with respect to NAFTA?

Source: Moody’s Investors Service

Mexico’s economy is highly exposed to NAFTA-based exports.

Source: Moody’s Investors Service
Source: Moody’s Investors Service


Food for Thought: The Google search frequency for the phrase “gun purchase” over time and by state.

Source: Google Trends



Edited by Joseph N Cohen

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

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

Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis.

Contact the Daily Shot Editor:

Leave a Reply