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.
Equity Markets: Investors have been rolling massive amounts of capital into cash. The chart below shows inflows into the iShares short-term Treasury ETF.
Cryptocurrency: Are corporate CIOs planning to implement blockchain-based technology solutions? It appears that most are not.
Credit: US mortgage delinquencies are declining.
Europe: Sweden’s monetary conditions are the most accommodative since the financial crisis. Riksbank is behind the curve.
Rates: The LIBOR – OIS spread is gradually tightening.
Global Developments: This chart shows the implied volatility levels relative to historical ranges/averages across asset classes.
Eurozone: German industrial production growth appears to be stable (even as factory orders disappoint).
Food for Thought: Has the media’s coverage of President Trump been unfair?
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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