The Daily Shot Brief – January 2nd, 2018

Greetings,

 

The United States: To remain competitive, US manufacturers continue to focus on skilled labor and automation. Robot shipments hit record highs.

Source: Reuters

 

China: China’s repo rates spiked going into the year-end. Facing stricter regulations, the nation’s banks have learned about “window dressing.”

Source: The Daily Shot

 

The Eurozone: The euro rose above $1.2 last week amid talk of the ECB’s QE ending in September (see story).

Source: The Daily Shot

 

Credit: Investment-grade bond spreads continue to tighten amid steady fund inflows into the sector.

Source: The Daily Shot

 

Emerging Markets: Iran’s stock market took a hit in response to the widening (and morphing) anti-government protests.

Source: Business Insider

 

Bitcoin: This chart shows electricity usage per transaction for Visa (credit card), Ethereum, and Bitcoin.

Source: @wef; Read full article

 

Rates: US financial conditions continue to ease, raising the possibility of four rate hikes this year.

Source: Goldman Sachs

 

Equity Markets: Schwab’s retail investors’ cash holdings are at record low levels.

Source: @jessefelder, @CapitalObserver; Read full article

 

Energy Markets: Refinery inputs hit a record high for this time of the year.

Source: Princeton Energy Advisors

 


Food for Thought: Which countries teach children how to solve problems as a team?

Source: @wef; Read full article

Happy New Year!


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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