Greetings,
The United States: US commercial construction firms are a bit more cautious on new business in the near-term.
These companies continue to struggle with the quality of skilled labor (something we also hear from US small businesses).
Equity Markets: Merrill Lynch still sees US investos as being too bullish.
However, the TD Ameritrade retail sentiment has fallen sharply.
Credit: This chart shows changes in US business and consumer debt over time.
Eurozone: Italy’s election map shows a tremendous regional polarization, …
… which is not entirely surprising if one looks at the income per capita map.
China: China’s reliance on exports declined last year.
Cryptocurrencies: Bitcoin’s transaction volume dipped as the market corrected.
Rates: Here is the latest FOMC dove-hawk spectrum.
Food for Thought: Sports TV broadcasting trend.
Edited by Joseph N 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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