The Daily Shot Brief – May 31st, 2019



The United States: Intermodal railcar loadings point to persistent weakness in industrial production.

Source: Yardeni Research


The Eurozone: The market is increasingly pricing in lower policy rates from the ECB. Are investors too dovish?

Source: Danske Bank


EquitiesThe US – Mexico manufacturing supply chains are highly integrated, with two-thirds of US imports taking place intra-company (between factories owned by the same firm). Some manufactured items cross the border more than once, which will become cost-prohibitive. Moreover, Mexico may retaliate.

Source: Deutsche Bank Research

Stock futures retreated after the announcement.

Source: The Daily Shot


Emerging Markets: The Chilean peso continues to retreat amid weak copper prices.

Source: The Daily Shot


Global Developments: The ‘full-blown’ trade war will trigger a global recession.

Source: Moody’s Analytics

Food for Thought: Discount stores vs. department stores:

Source: Pantheon Macroeconomics


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Edited by Joseph N Cohen


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