The United States: There is a widening gap between consumer sentiment and the savings rate. In the past, this divergence was a precursor to the end of the economic cycle.
Similarly, the disappearance of the output gap also indicates that we are in the late stage of the cycle.
Credit: High-yield credit default swap spreads (CDX) dip below 300bps for the first time in years.
China: Economists anticipate a weaker economic growth this year, as fixed asset investment slows. Elevated interest rates are taking their toll on the property markets.
Bitcoin: Bitcoin appears to be range-bound, unable to breach the $17k level again.
Equity Markets: Corporate America is increasingly optimistic about earn
Emerging Markets: Oman will be the first EM country issuing debt this year to help plug a $7.8bn budget deficit hole. Will the rating agencies downgrade Oman to junk?
The Eurozone: Germany’s factory orders remain near record levels.
Global Developments: This chart shows which economies will see the fastest and the slowest growth this year.
Food for Thought: Confidence in the justice system by country.
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 DailyShotWSJ.com
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 firstname.lastname@example.org.
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.
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. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com