The United States: This chart shows what portion of the second-quarter GDP growth can be attributed to the federal government stimulus as well as the pre-tariffs export burst.
Here are the key drivers of growth over the past few years.
China: China’s offshore bond yields are still climbing.
Rates: Here is the Capital Economics’ forecast for central bank rates over the next couple of years.
Equity Markets: The demand for tech downside protection sent the QQQ (Nasdaq 100) skew to record highs.
Emerging Markets: Here are the CIBC forecasts for Mexcian and Brazilian inflation and central bank rates over the next 12 months (unfortunately the colors are inconsistent between the two charts).
Food for Thought: Tesla’s Model 3 is outselling other luxury cars in the US.
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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