The Daily Shot Brief – January 6th, 2020



Energy: The US economy’s exposure to rising crude oil prices is relatively low. The nation’s oil intensity (oil consumed per unit of GDP) has declined significantly in recent decades (see chart). And US net imports of crude are at the lowest level in years.

Source: Princeton Energy Advisors


Also, US crude oil inventories declined in recent weeks. The second chart shows oil stockpiles measured in days of supply (vs. the previous year).

Source: EIA


Equities: Can a rebound in fund flows keep the rally going?

Source: SunTrust Private Wealth Management


Japan: Japan’s fiscal stimulus will not be enough to sustain a temporary boost to GDP growth this year, according to Pantheon Macroeconomics.

Source: Pantheon Macroeconomics


The United States: Construction spending is rebounding, driven by residential building.

Source: FRED
Source: FRED


The housing recovery is set to continue in 2020, according to Gavekal.

Source: Gavekal


Global Developments: Below is the relative GDP “impact” of each country’s protests and rising populism since April 2008.

Source: Oxford Economics


Food for Thought: Salt consumption:

Source: Statista

Edited by Devon Lall

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