Greetings,
The United States: The U. Michigan business conditions index suggests moderation in business activity. Below, the U.Michigan’s indicator is compared with the ISM composite index.
China: China’s consumer is becoming a greater component of the GDP growth.
But is consumption overstated?
Global Developments: Surveys point to robust investment growth across advanced economies (although there is conflicting data from the US).
Equity Markets: This chart shows the market share of US stock exchanges (and their competitors) over time.
Emerging Markets: EM shares are trading at the highest discount to US stocks in 16 years.
Food for Thought: Can money buy a winning baseball team? Here is the win ratio vs. the payroll.
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.
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
