The Daily Shot Brief – January 18th, 2018



The United States: The US economy is currently thought to be expanding at full capacity, with the gap between the actual and potential GDP now closed.

Source: The Washington Post, Skënderbeg Alternative Investments AG; Read full article

The US government’s projections of a 3-4% GDP growth over the next decade, therefore, appears to be completely unrealistic.

Source: The Washington Post, Skënderbeg Alternative Investments AG; Read full article


Global Developments: This chart shows the relative GDP growth for select advanced economies since 2007.

Source: Matthieu Arseneau, Economics and Strategy Group, National Bank of Canada


Energy Markets: The US rig count should climb further in response to higher crude prices.

Source: Capital Economics


Bitcoin: While the recent sell-off got a great deal of attention, Bitcoin “corrections” are quite common.

Source: @jsblokland, @paulusa59


Equity Markets: This year we’ve had two weeks of simultaneous increases in stock indices and volatility – an unusual combination. This chart shows the Nations VolDex vs. SPY (weekly changes).

Source: Bloomberg, h/t Cantor Fitzgerald Market Strategy Team


China: The China SMI report shows strengthening business activity.

Source: World Economics


Emerging Markets: This chart shows the shift in EM bond spreads by credit rating.

Source: Capital Economics


Food for Thought: Fertility rates around the world.

Source: @onlmaps


Edited by Joseph N Cohen

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