The Daily Shot Brief – January 22nd, 2020



United States: The growth in revolving consumer credit is falling behind the increase in wages. According to TS Lombard, this indicator typically spikes heading into a recession or periods of perceived economic stress.

Source: TS Lombard


China: The renminbi declined for the second day (chart below), and China’s stock market slumped (second chart) on worries about the Wuhan coronavirus.

Source: The Daily Shot
Source: The Daily Shot
Source: @business; Read full article


Emerging Markets: EM currencies haven’t rallied as strongly as EM equities over the past year.

Source: Longview Economics


Credit: Leveraged loan funds are finally getting some inflows.

Source: BofAML, @TayTayLLP


Global Developments: According to Arbor Data Science, global economic strength, as measured by imports/exports, has returned to above-average growth for the first time since early 2018.

Source: Arbor Research & Trading


Food for Thought: US cigarette sales:

Source: Statista

Edited by Daniel Moskovits

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