The United States: Small business sentiment has deteriorated.
China: Below is the breakdown of fiscal revenues and expenditures.
The Eurozone: The average retail deposit rate ticked higher for the first time in seven years.
Equities: Sector funds saw substantial outflows over the past three months.
Credit: This chart shows the shift in credit ratings distribution since 2007. The dropoff after BBB- is due to the boundary between investment-grade and high-yield.
Global Developments: Industrial production momentum is expected to remain soft.
Food for Thought: Immigration and the labor force:
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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