The United States: Here is Goldman’s Current Activity Indicator (CAI) for the US.
Source: Goldman Sachs
The Eurozone: There is still a deficit of new Eurozone bonds in the domestic private debt market.
Source: Oxford Economics
Rates: Swap spreads continue to recover (more on the topic later).
Here is a note from Jim Vogel (FTN Financial).
Swap spreads are widening as a factor of 1) decrease in seasonal bill supply changing the short end; 2) rich Treasury valuations; and 3) reduced corporate issuance.
Source: The Daily Shot
Equity Markets: Investors should expect a boost in M&A and share buybacks this year.
Global Developments: Who owns each country’s debt?
Source: Deutsche Bank Research
Food for Thought: Americans and Canadians are increasingly choosing trucks over cars. Will the situation change if gasoline prices climb further?
Source: @samori8
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.
