Greetings,
The United States: With more household members employed and working longer hours, the overall household paycheck growth remains above 4% per year.
Equity Markets: Here are some updates on the current earnings season.
• Earnings surprises:
Commodities: The rise in lumber prices has been impressive. Here is a 30-year chart.
Credit: Corporate debt growth continues to exceed household borrowing.
Emerging Markets: Bahrain’s CDS spread is also rising.
Rates: Is the market finally getting the Fed rate trajectory right?
Canada: Canada’s household credit growth has fallen sharply – mostly on slower mortgage activity.
Eurozone: Greece’s debt repayment has been “kicked down the road.” Far.
Food for Thought: The Trump-Kim summit scenarios.
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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