The Daily Shot Brief – March 23rd, 2018




The United States: Which sectors could be impacted by higher prices due to the new tariffs on products from China? Which sectors will be hurt by China’s trade retaliation?

Source: Capital Economics


Equity Markets: The consensus forward P/E ratio for the S&P 500 dipped below 17x again. When will the analysts begin revising their forecasts down in response to the trade-policy headwinds?

Source: Bloomberg


Rates: Are longer-dated Treasury yields too high relative to the economic surprise indices?

Source: Johan Hulth (Piper Jaffray), Bloomberg

What about relative to the copper-to-gold rato?

Source: Bloomberg


Energy Markets: US natural gas production continues to climb.

Source: The Daily Shot


The Eurozone: The German Ifo business climate index showed deterioration while the spread between the current conditions and business expectations widened to a new record.


Source: ifo Institute; Read full article

Here is the detail by sector.

Source: ifo Institute; Read full article


Food for Thought: Google, Facebook, and Apple vs. the market index capitalization in other large economies.

Source: AllianceBernstein



Have a great weekend!

Edited by Joseph N Cohen

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