Greetings,
Equities: Downside protection in the S&P 500 is near recent lows, indicating rising investor confidence
Credit: Investors are piling into investment-grade bond funds.
Emerging Markets: Argentina’s central bank has accelerated money “printing” since the elections.
Eurozone: Pantheon Macroeconomics expects the ECB to play it safe in the first half of this year and sees no change in rates or the pace of QE. Markets are also gradually pricing in a lower chance of rate cuts.
Global Developments: Currency market volatility remains near multi-year lows.
Food for Thought: Household healthcare spending vs. median income:
Edited by Daniel Moskovits
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 support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief