The Daily Shot Brief – June 20th, 2018



The United States: So far, there isn’t much evidence for a sustained wage acceleration in the United States.

Source: Atlanta Fed


China: China can counter the US even without tariffs. Here is how the retaliation played out after the nation’s disputes with Japan and South Korea.

Source: @CapEconChina


Rates: US buyers of Treasuries no longer have foreigners or the Fed competing with them.

Source: The Daily Feather


Equity Markets: The relative weight of defensive stocks (such as utilities) in the S&P 500 continues to trend lower.

Source: @johnauthers, @financialtimes; Read full article


Emerging Markets: EM portfolio outflows continue.

Source: IIF


Global Developments: Here is a long-term chart of stock valuations for the US, developed markets ex. US, and emerging markets.

Source: Topdown Charts


Food for Thought: World’s top exporters:

Source: @howmuch_net; 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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