Greetings,
The United States: Economists continue to be amazed at the level of federal government stimulus pumped into the economy at the time when growth is already strong.
This is a costly endeavor.
Equity Markets: Analysts continue to point to the S&P 500 earning’s yield as still being significantly higher than corporate bond yields (which in theory should make stocks more attractive relative to bonds).
Energy Markets: Crude oil sentiment remains exceptionally bullish. A crowded trade?
Europe: Greece has made tremendous improvements in its fiscal situation.
Moreover, the leading political parties enjoy a relatively stable level of support. And the euro remains popular.
United Kingdom: The decline in the UK’s labor slack has stalled.
Emerging Markets: Is the overall GDP growth across emerging economies starting to slow?
Food for Thought: Americans’ view on national defense.
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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