The United States: Leading indicators continue to point to weaker economic growth this quarter. For example, this chart shows shippers’ near-term outlook for freight demand.
The Eurozone: Will the ECB be forced to boost stimulus to combat lowflation? The central bank certainly has a number of options – from ‘operation twist’ to changing the market cap and issuer limits.
Equities: Hedge funds are betting on improving corporate profitability.
China: Unlike the US, China’s stock market doesn’t have the tailwind of share buybacks.
Credit: New leveraged loan issuance has been slowing.
Food for Thought: Labor force participation rates (red = high participation):
From our sponsor:
Edited by Joseph N Cohen
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to email@example.com.
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