The Daily Shot Brief – June 6th, 2018



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.

Source: @markets; Read full article


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),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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