The Daily Shot Brief – January 25th, 2018




The United States: The January Markit PMI report on US business activity shows some divergence between manufacturing and services.

Source: IHS Markit,


The Eurozone: There are signs of higher inflation down the road.

• The price component of the PMI report:

Source: @aila_mihr

• The PMI “delivery times” index:

Source: @fwred


Equity Markets: Pension funds keep reallocating out of stocks and into bonds.

Source: Credit Suisse


Credit: New loans continue to flex lower as the demand for yield product remains robust (for the definition, see “Price-Flex” here).

Source: @TRLPC


Emerging Markets: The JPMorgan EM Currency Index has fully recovered from the recent declines.

Source: Bloomberg


Global Developments: We should be switching from quantitative easing to quantitative tightening across the largest central banks in 2019.

Source: @MxSba, @economics, @TheTerminal
Source: @jessefelder; Read full article


Food for Thought: Teens using pot.

Source: @PotResearch; Read full article


Edited by Joseph N Cohen

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