The United States: Here is an estimate of job losses by state if the US withdraws from NAFTA.
The Eurozone: The Eurozone service sector activity has accelerated in January. Here is the composite PMI (fastest expansion in over a decade).
Italy’s business output has been especially strong.
Equity Markets: Over the long run, bond selloffs typically don’t coincide with corrections in the equity market.
Alternatives: How much do sovereign wealth funds allocate to private equity?
The United Kingdom: S&P Global Ratings says that the EU will take a tough stance in the upcoming Brexit negotiations because the EU is in “self-preservation” mode.
• S&P Global Ratings: – The EU’s lenient stance towards Greece was a rational approach to ensure its own survival.
• A lenient Brexit deal for the U.K., however, could lead to other member states following suit in a domino effect, which the EU wants to avoid.
• The U.K. risks further adverse economic, financial, and ratings outcomes if it ignores the EU’s rationale of self-preservation.
Global Developments: Here is manufacturing employment as a percent of total employment for select advanced economies.
Cryptocurrencies: Bitcoin is approaching $6k as the crypto-selloff continues. Bubbles are bursting all over the place.
Food for Thought: Which brands benefitted the most from this weekend’s Super Bowl?
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 email@example.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