The Daily Shot Brief – November 11th, 2019



China: China has further room to lower rates in order to stimulate mortgage lending.

Source: Gavekal


Europe: European savings rates climbed around the time the 10-year Bund yield went negative (not what central banks wanted to see).

Source: @gregorymckenna


The United States: Consumer expectations remain bifurcated by political affiliation.

Source: Piper Jaffray


Also, housing tends to have a broad impact on the economy.

Source: Gavekal


Emerging Markets: The sharp discontinuity at zero in EM corporate profitability distributions points to earnings “padding” (to avoid reporting losses).

Source: @WSJ; Read full article


Global Developments: Financial conditions have been easing in response to the accommodation from central banks.

Source: IIF


Food for Thought: Changes in fast-food restaurant traffic:

Source: @WSJ; Read full article

Edited by Devon Lall

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