Greetings,
The United States: Here is an overview of the US trade with China. Some analysts believe that China’s massive surplus with the US will make a significant retaliation against US trade restrictions less likely.
Europe: Sweden’s manufacturing expansion is slowing. Will this weakness also show up in the Eurozone this year?
Equity Markets: It was a highly unusual week of high correlations between stocks vs. bonds. Here are the weekly changes in the S&P 500 (SPY) vs. long-term Treasuries (TLT).
Credit: Here is how the corporate bond issuance in January compares to the previous years.
The United Kingdom: The UK’s construction activity continues to weaken amid Brexit uncertainty (see comments below from Markit).
Energy Markets: The US oil rig count keeps grinding higher as CapEx picks up.
Cryptocurrencies: South Korea’s massive speculative premium to Bitcoin is no more. Someone made good money selling cryptocurrencies to students, etc. at a significant premium to market prices (at the top of the market).
Food for Thought: The democracy index.
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
