The United States: Will the new tax law keep some foreign companies from expanding their US operations?
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.
Energy Markets: This chart shows the number of “drilled but uncompleted” (DUC) wells in the US. More drilling ahead outside of the Permian Basin?
The Eurozone: Italy is unlikely to form a majority government in the upcoming elections.
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.
Credit: The percentage of stressed loans on the balance sheets of BDCs has risen lately.
Emerging Markets: What are the possible outcomes for Mexico with respect to NAFTA?
Mexico’s economy is highly exposed to NAFTA-based exports.
Food for Thought: The Google search frequency for the phrase “gun purchase” over time and by state.
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 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 firstname.lastname@example.org.
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.
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. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com