The Daily Shot Brief – November 29th, 2019



The United States: According to Bloomberg, the market still expects another rate cut next year (chart below). Some economists see more than one (second chart).

Source: The Daily Shot
Source: Thomas Costerg, Banque Pictet


Asia-Pacific: Japan’s tax hike and a super-typhoon have resulted in the biggest monthly drop in retail sales in recent history.

Source: The Daily Shot


Emerging Markets: Which EM countries are most exposed to “risky” foreign private holders? (Argentina, Chile, South Africa, and Uruguay).

Source: Oxford Economics


Commodities: Gold is increasingly correlated to long-term Treasuries.

Source: The Daily Shot


Equities: The S&P 500 forward (12 months) consensus P/E ratio is pushing toward 18x for the first time since the vol blowup of early 2018.

Source: The Daily Shot

Here is the same indicator for small caps.

Source: The Daily Shot


Food for Thought: Democratic presidential nomination odds in the betting markets:

Source: @PredictIt

Edited by Daniel Moskovits

To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.

If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.

The Daily Shot Premium is also available online at

If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to

Contact the Daily Shot Editor:


Leave a Reply