The United States: US consumer and business confidence continues to climb. This chart combines multiple sentiment indicators.
Equity Markets: The chart below shows the longer-term implied volatility curve steepening, making it increasingly expensive to maintain long-vol positions.
Cryptocurrency: Large crypto exchanges are doing well.
The Eurozone: Below is the ECB’s inflation forecast.
Emerging Markets: Turkey’s twin deficit is expected to deteriorate further.
Energy Markets: US natural gas production is expected to keep rising but at a slower pace.
Credit: The share of US corporate bonds owned by mutual funds and exchange-traded products continues to climb.
Food for Thought: The world’s largest arms exporters.
Edited by Joseph N 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.
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