The Daily Shot Brief – February 2nd, 2018

Greetings,

 

 

The United States: In the near-term, the Atlanta Fed’s GDPNow model is projecting 5.4% for Q1. Right.

Source: Atlanta Fed; Read full article

 

The Eurozone: The Eurozone manufacturing activity remains near multi-year highs. Price pressures are picking up (which is giving the euro a boost). Is the ECB paying attention?

Source: IHS Markit; Read full article

 

Equity Markets: Sales growth at restaurants continues to slow. However, margins unexpectedly jumped last year. The dollar weakness is likely to hurt margins going forward as food prices rise.

Source: Sageworks

 

Credit: Here are the latest trends in green bond issuance.

Source: Moody’s Investors Service

 

China: Watch out for the GDP figures being “cooked” if the economy slows. That’s what happened in 2015.

Source: @markets; Read full article

 

Energy Markets:The monthly oil production report from the Department of Energy placed the November US crude oil output at over 10 million barrels per day. This pace of production came much earlier than expected.

Source: EIA; Read full article

Here is the breakdown by source, with all the growth coming from shale (“tight formation”).

Source: EIA; Read full article

 

Cryptocurrencies: Bitcoin is trading below $9k. Sometimes technical analysis just works.

Source: Investing.com

 


Food for Thought: Apps usage in select countries.

Source: App Annie

 

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 support@wsj.com.


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

Leave a Reply

Your email address will not be published. Required fields are marked *