Greetings,
The United States: Atlanta Fed’s GDPNow forecast for the Q1 growth has converged with the economists’ consensus estimate at 1.5%. Oxford Economics sees the GDP expansion of around 1%.
Are the falling Treasury yields telling us to expect much weaker growth ahead?
The Eurozone: This chart shows the market-based probability of a rate hike and a rate cut by the ECB this year.
Equities: This chart shows the total shares outstanding in the S&P 500 (the effect of share buybacks).
China: The number of EV charging stations keeps rising.
Credit: This chart shows massive outflows from BKLN, the largest leveraged loan ETF.
Food for Thought: How many times do you kiss when greeting a friend in France?
Edited by Joseph 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.
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
