The Daily Shot Brief – June 7th, 2018



The United States: The news flow index which measures trade policy risks remains elevated.

Source: ANZ Research


The Eurozone: Spain showed a surprising spike in industrial production (although these data can be quite volatile).

Source: The Daily Shot


Rates: US government bond ETFs continue to see inflows.

Source: Credit Suisse


Equity Markets: Mutual funds that focus on US equities are still shedding assets as the rotation into ETFs continues.

Source: Credit Suisse


Emerging Markets: This chart shows the trajectory of Argentina’s current account deficit versus the public sector net international investment position. Argentina was highly successful in its rapid-fire dollar bond issuance recently (including the 100yr bond), but such liabilities become a nightmare when the peso gets devalued.

Source: Goldman Sachs


Food for Thought: Who is confident in their nation’s judicial system?

Source: Deutsche Bank Research




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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