The Daily Shot Brief – May 15th, 2018

Greetings,

 

 

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: WSJ.com, 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: WSJ.com, h/t Paul Menestrier; Read full article

 

Edited by Joseph N Cohen


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