The United States: Will the recent US dollar weakness accelerate the import price growth? If so, we should see the effect in the CPI later this year.
Japan: Has Abenomics been effective?
Energy Markets: Refinery inputs remain elevated for this time of the year.
Bitcoin: Here is an estimate of market capitalizations, although these figures change materially by the hour.
Here is how Bitcoin’s market cap compares to other asset classes. This tells us that a sharp correction in cryptocurrencies is unlikely to spill over into other markets (for now).
Equity Markets: This chart shows the sector ETF flows over the past year. Notice the pickup in industrials and energy.
China: The wealth effect from the housing boom has been unprecedented.
Emerging Markets: EM fund inflows continue to impress.
Food for Thought: All that unpaid work we have to do.
Have a great weekend!
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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