Greetings,
The United States: Current US tax refunds are lagging the trend we saw during the previous two years. This delay can be a drag on household spending (especially big-ticket items).
The Eurozone: Credit indicators in the Eurozone have softened a bit – especially business loan growth.
Equities: The charts below show the S&P 500 earnings per share (EPS) quarterly forecasts.
China: China’s trade surplus with the US continues to trend higher despite the tariffs.
Global Developments: How will a US-China trade deal take market share from other countries who sell to China?
Food for Thought: All-Star starters’ social media followers:
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.
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
