Greetings,
The United States: Has the CBO underestimated the federal deficit in its latest forecasts?
The Eurozone: This scatterplot shows industrial confidence vs. sensitivity to Chinese demand.
Equities: This chart shows the latest earnings growth expectations for 2019.
Credit: Leveraged finance default rates continue to drift lower.
Energy: The WTI curve is still in contango while Brent has moved back into backwardation (negatively sloping curve).
Food for Thought: Virtual/augmented reality devices:
Edited by Joseph 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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