Greetings,
The United States: Most economists expect the next recession to hit in 2020 or 2021, making the current expansion the longest on record.
Here is an example of such a forecast, showing job losses in 2021.
Equity Markets: This chart shows the S&P 500 earnings-per-share growth rate.
Cryptocurrency: Bitcoin enters the 200d/50d death cross.
Credit: Household leverage appears to be correlated with the prevalence of non-cash transactions.
Eurozone: Spanish households have shifted from being net savers to net borrowers for the first time since the Great Recession.
Rates: Pressure on short-term US rates seems to be waning.
Energy: Here is how the supply/demand dynamics contributed to oil price changes this year.
Commodities: Recreational and medical cannabis prices are diverging.
Food for Thought: “AI” and “Big Data” mentions on quarterly earnings calls.
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.
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
