Greetings,
The United States: The magnitude of GDP growth fluctuations in the US is the lowest in decades. It’s one of the reasons for depressed volatility across asset classes including bonds and stocks.
China: The renminbi is drifting lower against the dollar.
The Eurozone: Multinationals based in the euro area are lagging their peers in the US.
Equity Markets: The small-cap implied volatility index (RVX) remains too low relative to VIX even though many of the Russell 2000 companies are highly leveraged. Trade policy risks explain this divergence – for now.
Emerging Markets: Despite all the headwinds, do emerging markets present an opportunity?
Food for Thought: Adoption of innovations in the US:
Edited by Joseph Cohen
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
