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
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 email@example.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