The Daily Shot Brief – January 30th, 2018

Greetings,

 

 

The United States: Here is the GDP forecast for the next couple of years from Morgan Stanley (that Q4 projection didn’t work out well). Economists expect consumption growth to slow as a result of the lowest savings rate in a decade.

Source: @acemaxx, @MorganStanley

 

The Eurozone: The euro area broad unemployment rate (U6, which includes underemployment) continues to decline.

Source: @MxSba

 

Equity Markets: There is some debate about the bond yield inflection point when valuations respond negatively to higher yields. Credit Suisse says it’s 3.5% on the 10yr Treasury. Some think the inflection yield is much lower.

Source: Credit Suisse

 

Credit: Investors are starting to become cautious on investment-grade (IG) corporate debt. Here is the short interest in LQD, the largest IG bond ETF.

Source: JPMorgan, @tracyalloway

 

China: Growth in property prices is slowing. Tier-3 properties are expected to be the most resilient.

Source: BMI Research
Source: BMI Research

 

Energy Markets: The combined money manager positions across petroleum products show extreme bullishness in the sector.

Source: @JKempEnergy

 

Cryptocurrencies:  Investors are starting to short some of the companies that rallied in response to the recent “crypto hype.”

Source: @tracyalloway, @kaileyleinz; Read full article

 


Food for Thought: Greenhouse gas emissions by source.

Source: @wef; Read full article

 

 

Edited by Joseph N Cohen


To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.

If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.

The Daily Shot Premium is also available online at DailyShotWSJ.com

If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.


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.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


Contact the Daily Shot Editor: Editor@DailyShotLetter.com

Leave a Reply

Your email address will not be published. Required fields are marked *