The Daily Shot Brief – July 26th, 2018



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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