The Daily Shot Brief – July 19th, 2018



The United States: Commercial freight activity is off the highs but remains elevated. Freight spending is still climbing as shipping companies boost prices.

Source: Cass Information Systems


China: Despite the currency weakness, the implied volatility has been relatively subdued.

Source: BofAML, @tracyalloway


Rates: How did the dollar respond to rate hikes in the past?

Source: TD Securities


Equity Markets: Growth stocks have massively outperformed value over the past 12 months (see chart). The valuation differential between growth and value now appears to be stretched.

Source: Market Ethos, Richardson GMP


Emerging Markets: Here is the history of EM crises by region and crisis type.

Source: Capital Economics


Food for Thought: US regulatory trends:

Source:, h/t Paul Menestrier; Read full article





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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