The Daily Shot Brief – January 8th, 2018

Greetings,

 

The United States: The New York Fed’s Nowcast GDP projection model shows the 4th quarter (of 2017) GDP growth at almost 4% (annualized). It’s also projecting a very strong first quarter of this year.

Source: NY Fed

The Atlanta Fed’s GDPNow model appears to be closer to reality at 2.7%.

Source: Atlanta Fed

The GDPNow forecast is consistent with most economists’ projections. Here is an example.

Source: Capital Economics

 

Credit: Will January bring more retail defaults?

Source: @BloombergQuint; Read full article

 

Japan: Japan’s trade balance is expected to shift into deficit as oil prices climb.

Source: BMI Research

 

Bitcoin: Ripple’s outperformance has been spectacular.

Further reading

 

Equity Markets: The Rydex sentiment is “off the charts.”

Source: @LanceRoberts, @JLyonsFundMgmt; Read full article

 

Energy Markets: US new vehicle fuel economy dipped again last month.

Source: Michael Sivak, University of Michigan

 


Food for Thought: Who thinks politicians are corrupt?

Source: @onlmaps

 

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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