The Daily Shot Brief – July 26th, 2018

Greetings,

 

The United States: Morgan Stanley is forecasting 4.7% GDP growth for the second quarter. Massive soybean exports ahead of China’s retaliatory tariffs boosted net exports (light blue).

Source: Morgan Stanley Research

 

The Eurozone: Germany’s Ifo business climate index showed increasing uncertainty. The spread between the current situation measure and business expectations continues to widen. The biggest concern, of course, is trade (lower left). However, German construction activity spiked (lower right).

Source: ifo

Ifo’s expectations index is the key one to watch because it’s a leading indicator for Germanys GDP growth.

Source: Pantheon Macroeconomics

 

Global Developments: Signs continue to point to slower international trade activity.

Source: @WilliamsonChris
Source: Capital Economics

 

Equity Markets: Established firms now dominate the robo-advisory business.

Source: @MorningstarInc; Read full article

 

Emerging Markets: Ruble options traders don’t seem to be concerned about the possibility of additional Russia sanctions.

Source: @business; Read full article

 


Food for Thought: Multiple job holders

Source: @graykimbrough, @econoflove

 

 

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.

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