The Daily Shot Brief – May 9th, 2018




The United States: Given a possible slowdown globally, is the Fed becoming too confident (possibly even complacent) about the US economy? Fed officials mention the word “global” far less frequently now. The frequency of the words “concerns” and “uncertainty” hit the lowest level since 2007.

Source: Bianco Research


Equity Markets: Investors have been rolling massive amounts of capital into cash. The chart below shows inflows into the iShares short-term Treasury ETF.

Source: @lisaabramowicz1


Cryptocurrency: Are corporate CIOs planning to implement blockchain-based technology solutions? It appears that most are not.

Source:, h/t Paul Menestrier; Read full article


Credit: US mortgage delinquencies are declining.

Source: Black Knight


Europe: Sweden’s monetary conditions are the most accommodative since the financial crisis. Riksbank is behind the curve.

Source: @anwallstrom


Rates: The LIBOR – OIS spread is gradually tightening.

Source: @jsblokland


Global Developments: This chart shows the implied volatility levels relative to historical ranges/averages across asset classes.

Source: SPDR Americas Research


Eurozone: German industrial production growth appears to be stable (even as factory orders disappoint).

Source: The Daily Shot


Food for Thought: Has the media’s coverage of President Trump been unfair?

Source: @axios; Read full article


Edited by Joseph N Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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