The Daily Shot Brief – March 29th, 2018




The United States: Here is the explanation for the massive gap between the CBO’s federal budget projections and reality (including a forecast).

Source: @ernietedeschi


Equity Markets: The tech sector, together with financials, has dominated fund inflows in recent weeks. Given the rotation taking place now, this week’s flows data could look quite different.

Source: Bianco Research


Rates: Are fixed-income traders using AI to track the Fed officials’ micro-expressions for signs of policy direction?

Source: Bloomberg TV; Read full article


Energy Markets: US net oil imports hit the lowest level since 1982.

Source: EIA; Read full article


Europe: The UK’s retail activity is trending lower, although the latest decline was driven by cold weather.

Source: Pantheon Macroeconomics


China: The Capital Economics’ China GDP tracker points to a meaningful slowdown this year. However, the ‘smoothed’ official GDP growth will decline very gradually.

Source: Capital Economics


Cryptocurrency: Bitcoin is no longer insulated from the traditional risk assets like stocks (or is it the other way around?).

Source: @jessefelder, @tracyalloway; Read full article


Food for Thought: Which states benefit the most from the new tax bill?

Source: WalletHub; Read full article


Edited by Joseph N Cohen

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