The United States: US temp employment has been contracting in recent months.
The Eurozone: The Eurozone’s private sector remains heavily reliant on banks for funding (as opposed to capital markets).
Equities: This chart shows the recent flows in sector ETFs.
China: Here is how the PBoC responded to the housing market cycles over the years.
Credit: Investment-grade CDX has been outperforming high-yield.
Food for Thought: Territorial claims on the North Pole:
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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