The Daily Shot Brief – July 5th, 2018



The United States: At first glance, US household balance sheets appear to be stronger than those in Canada (household credit as a percentage of the GDP). However, when unincorporated business loans are taken into account, the situation changes. Many Americans are indebted via their sole proprietorships, etc. (effectively personal loans for business purposes).

Source: Scotiabank Economics


China: Corporate bond spreads for weaker names are on the rise amid elevated default risks.

Source: BMI Research


Global Developments: Here is the Credit Suisse Global Risk Appetite Index.

Source: Credit Suisse


Equity Markets: Below are the components of the S&P 500 year-over-year earnings per share growth.

Source: JPMorgan Asset Management, @bySamRo


Emerging Markets: Argentina is expected to be in a recession this year as consumer confidence tumbles.

Source: Pantheon Macroeconomics


Food for Thought: Views on Roe v. Wade:

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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