The Daily Shot Brief – January 29th, 2019



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.

Source: @jessefelder; Read full article


China: This chart shows non-resident portfolio investment in China.

Source: Natixis


The Eurozone: This chart shows the industrial production trends (index) by country.

Source: Yardeni Research


EquitiesThis chart shows the trading activity distribution in ETFs by asset class.

Source: Credit Suisse


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.

Source: Deutsche Bank Research


Global Developments: New factory orders suggest that global trade activity will slow further.

Source: Capital Economics


Food for Thought: Standard and optional safety features in new vehicles:

Source: Barclays Research




Edited by Joseph Cohen

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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.

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