Greetings,
The United States: Many analysts are predicting that the next rate change by the Fed will be a cut. Will the easing of trade tensions with China change this view?
The Eurozone: Based on historical PMI “price pressure” responses (and falling inflation expectations above), the ECB should be easing in the current environment.
Equities: Investors are taking advantage of low implied vol on VIX (above) and buying up VIX call options to protect this year’s sharp gains in stocks.
China: This chart shows China’s home price appreciation by tier.
Global Developments: This chart shows the lags between central bank rate peaks and recessions.
Food for Thought: Electric cars by country (% of total vehicles):
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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