The Daily Shot Brief – July 23rd, 2018



The United States: Oxford Economics is forecasting 4.5% GDP growth for Q2 (annualized), with expansion moderating in the second half of the year. The soft-hard data divergence persists.

Source: Oxford Economics

One of the contributors to the outsized GDP growth in Q2 was a sharp increase in soybean exports ahead of the tariffs.

Source: Pantheon Macroeconomics


China: Foreign investors have been putting money to work in China’s domestic fixed-income markets.

Source: Goldman Sachs


The United Kingdom: Support for the Conservatives continues to deteriorate.

Source: Pantheon Macroeconomics


Equity Markets: How far above trend is the latest EPS growth?

Source: Deutsche Bank Research


Emerging Markets: EM ex-China portfolio flows appear to be leveling off after a rough few months. China flows have been steady.

Source: IIF


Food for Thought: US public’s policy priorities:

Source: Oxford Economics



Edited by Joseph Cohen

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