Greetings,
The United States: Economists are puzzled by the diverging gauges of the labor market (see descriptions).
The Eurozone: Does Germany’s stronger industrial production point to improved GDP growth?
Equities: The Q1 earnings growth expectations have rebounded into positive territory. However, the second-quarter EPS growth consensus has moved into the red (vs. previous year).
China: For now, most cities are reporting higher home prices (month-over-month).
Global Developments: Leading indicators have improved recently. Will the US-China trade dispute derail this trend?
Food for Thought: The percentage of Americans who had no income tax liability (over time):
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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