The Daily Shot Brief – January 8th, 2018



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

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

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

Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, 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.

Contact the Daily Shot Editor:

Leave a Reply