Greetings,
The United States: Will the rising twin deficits (federal and trade) put downward pressure on the dollar?
Credit: Leveraged loan funds’ AUM saw its first decline in months.
China: Below is a forecast comparing China and India.
Emerging Markets: Here is this year’s growth forecast across EM economies.
Bitcoin: Merrill Lynch says no to Bitcoin in wealth management portfolios.
Equity Markets: Stock correlations are still declining, which is starting to help some active managers.
Energy Markets: The retail premium on premium gasoline (high octane) has been rising in response to higher demand.
Global Developments: Economic activity in the rest of the world is now outpacing the US.
Food for Thought: Industries expected to shed the most jobs.
Have a great weekend!
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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