The Daily Shot Brief – July 25th, 2018



The United States: We haven’t seen these levels of labor market tightness and strong demand conditions since the late 1990s (right before the recession).

Source: Deutsche Bank Research


China: Beijing made it clear that it will work to boost growth in response to the rising risks to the economy. With shadow banking expansion presumably under control, monetary tightening is now off the table. The stock market moved higher in response

Source: ANZ Research


Cryptocurrency: How are fraudulent ICOs initially flagged?

Source: BIS, h/t @MattGarrett3; Read full article


Equity Markets: Investors continue to favor companies with strong balance sheets.

Source: Goldman Sachs, Bloomberg


Emerging Markets: Turkey’s central bank unexpectedly held rates unchanged (a hike was expected). The decision once again demonstrates that the central bank is not independent (especially since Mehmet Simsek left Erdogan’s administration).

Source: Natixis


Food for Thought: Would you like a company more or less if it advocates the following?

Source: @axios; 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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