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.
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