Greetings,
The United States: The Fed has consistently been too pessimistic about the future trajectory of the unemployment rate.
The Eurozone: Are the Eurozone’s inflation expectations sufficiently low for the ECB to consider additional easing actions?
Equities: This chart shows the S&P 500 performance decomposed into the overnight and intraday price action. Lately, “buying the dip” has been working.
China: In the past, China sold Treasuries to boost the renminbi.
Global Developments: How much do different countries participate in the global value chain?
Food for Thought: NBA three-pointers:
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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