The United States: The Atlanta Fed’s GDPNow model forecast for Q4 GDP growth is 3.2%.
This time it’s consistent with the NY Fed’s Nowcast model.
Economists are forecasting 2.7%.
China: The PBoC is pumping more liquidity into the financial system. Beijing may see the latest spike in bond yields as being somewhat overdone.
Credit: Many leveraged loans got repriced this year as the market is willing to get paid less for the same risk.
Equity Markets: Despite the market selling off some, the “buy on dip” sentiment persists.
Energy Markets: There is some disagreement on how much demand exists for OPEC’s crude oil.
Global Developments: This chart shows the increases in private credit around the world.
Food for Thought: Top 10 companies now, 50 years ago, and a century ago.
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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