The United States: The US Sales Manager Index (SMI) from World Economics shows that business activity is holding up in January. However, business confidence softened, and the pace of hiring (“staffing levels”) slowed substantially.
China: Softer disposable income growth does not bode well for retail sales.
The Eurozone: This chart shows the changes in Germany’s foreign direct investment.
Equities: Company earnings calls increasingly mention recession concerns.
Credit: The largest (most liquid) leveraged loans have recovered most of their recent losses. That’s not the case for smaller loans.
Food for Thought: Streaming services take on Hollywood.
Edited by Joseph 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 email@example.com.
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