Greetings,
The United States: Tech firms are pulling back on capital expenditures. In particular, the build-out of data centers appears to be taking a pause (perhaps due to softer demand for cloud services). Monday’s disappointing earnings from NVIDIA provided further evidence for this trend (see story). Slowing business investment could become a drag on growth.
China: This chart shows non-resident portfolio investment in China.
The Eurozone: This chart shows the industrial production trends (index) by country.
Equities: This chart shows the trading activity distribution in ETFs by asset class.
Credit: Dealers’ inventories of corporate debt have collapsed due to the Volcker rule. The trend has resulted in a substantial deterioration of liquidity in recent years.
Global Developments: New factory orders suggest that global trade activity will slow further.
Food for Thought: Standard and optional safety features in new vehicles:
Edited by Joseph 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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