The United States: Slower tax refunds this year will be a drag on retail sales.
The Eurozone: Here is the euro’s 60-day rolling historical volatility.
Equities: Investors were caught off guard by the renewed trade tensions.
China: Here is the inventory-to-sales ratio in China’s residential market.
Rates: This chart shows the neutral interest rate estimates for select economies.
Food for Thought: 1929 vs. 2008:
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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