The Daily Shot Brief – May 15th, 2018




The United States: Evidence for a broad-based increase in US wage growth remains elusive for now. Here is the Atlanta Fed’s GDP tracker for full-time employees.

Source: @AtlantaFed

Nevertheless, economists remain convinced that it’s only a matter of time. Margan Stanley points out that with no slack left in the labor markets, hourly earnings will accelerate shortly.

Source: Morgan Stanley Research

Americans with a college degree expect their wages to improve faster over the next year. Also, older Americans are now more confident about getting paid more a year from now.

Source: NY Fed


Equity Markets: The number of daily market moves of at least 1% is back to more “realistic” levels.

Source:, h/t Paul Menestrier; Read full article


Emerging MarketsHere is another comparison of the latest EM rout to the “taper tantrum” period.

Source: IIF


Credit: The US government’s GSE debt guarantees have resulted in a massive off-balance-sheet exposure, which continues to climb.

Source: Credit Suisse


Eurozone: A slowdown in the PMI measures doesn’t always translate into a GDP dip.

Source: Oxford Economics


Rates: The LIBOR-OIS spread continues to ease as LIBOR turns lower.

Source: Bloomberg


Energy: Shanghai’s crude oil futures remain between Brent and WTI.

Source: @hgloystein


Food for Thought: Top lobbyists.

Source:, h/t Paul Menestrier; Read full article


Edited by Joseph N Cohen

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