Greetings,
The United States: The US will face significant demographic challenges in the years to come as the population growth stalls. That is why the Fed is projecting a sub-2% GDP expansion over the long run.
The Eurozone: The euro has been climbing in tandem with the Eurozone growth expectations, as investors bet that the ECB will end its QE program later in the year.
China: Beijing continues to strengthen the midpoint of the USD/CNY exchange rate.
Emerging Markets: Brazil’s stock market has decoupled from the nation’s currency.
Bitcoin: The market cap of all cryptocurrencies is now $700bn, and Bitcoin’s proportion of that keeps shrinking (now below 40%).
Equity Markets: This table shows the December equity fund flows by sector and market cap.
Energy Markets: The US is now a net exporter of natural gas. Killing NAFTA could change this trend.
Food for Thought: The US vs. OECD life expectancy.
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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