Greetings,
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?
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?
Rates: Are longer-dated Treasury yields too high relative to the economic surprise indices?
What about relative to the copper-to-gold rato?
Energy Markets: US natural gas production continues to climb.
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.
Here is the detail by sector.
Food for Thought: Google, Facebook, and Apple vs. the market index capitalization in other large economies.
Have a great weekend!
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 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
