The Daily Shot Brief – January 2nd, 2019

Greetings,

 

The United States: As a result of tighter financial conditions, lower inflation expectations, and soft economic data, markets are now pricing in an 89% probability that the Fed will not hike rates this year (and may even lower them). Note that the FOMC is forecasting two rate increases. The Fed’s rate trajectory will likely depend on the outcome of the US-China trade negotiations.

Source: @TheTerminal

 

China: Industrial profits are trending lower.

Source: Cantor Fitzgerald Market Strategy Team

 

The Eurozone: Italy’s Five Star party is slumping in the polls.

Source: Danske Bank

 

Credit: Refinancing activity slowed in 2018 as rates/spreads climbed. 

Source: Credit Suisse

 

Emerging Markets: Below is the private debt service ratio for select economies.

Source: TS Lombard

 

Global Developments: The selloff in industrial metals doesn’t bode well for the world GDP.

Source: Capital Economics

 


Food for Thought: How do entrepreneurs prioritize their time?

Source: Bench Accounting

 


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 support@wsj.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

Leave a Reply