Greetings,
The United States: Here is how the US corporate tax rate compares to other economies when state taxes are included.
Credit: With high-yield bond spreads at the lowest level in a decade, it’s hard to imagine that there is much upside in the sector.
Energy Markets: Which oil producing nations are still running fiscal deficits at the current crude oil price levels?
Bitcoin: Where is Bitcoin mined?
Equity Markets: The corporate tax cut is likely to take earnings revisions sharply higher.
Rates: The supply of fixed income product coming to market will keep climbing over the next few years. This trend will put upward pressure on rates and credit spreads.
Emerging Markets: India’s business activity is firmly in growth mode and continues to improve (recovering from the Goods and Services Tax implementation).
Food for Thought: Gen-Z enters the labor force.
Edited by Joseph N 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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