The Daily Shot Brief – November 28th, 2017

Greetings,

 

The United States: Wage growth in the US has broadened across income categories over the past year.

Source: Lazard Asset Management

Here is a comment from Ronald Temple, Head of US Equities and Co-Head of Multi-Asset Investing at Lazard Asset Management:

“After stagnating for the prior nine years for most workers, real wages increased across the income spectrum starting in 2016. I believe that the middle-class consumer will drive the next leg of growth for the US as higher wages lead to higher consumer confidence and increased spending.”

 

Europe: While most indicators point to the housing inflation in the UK stabilizing (see example), some analysts see home price increases moderating further.

Source: Moody’s Investors Service

 

Credit: The riskiest leveraged loans dominate the market.

Source: Moody’s Investors Service

 

Equity Markets: Here is the trend for corporate and ETF listings.

Source: Credit Suisse

Stocks are no longer the most actively-traded securities. Note that two of the top ten most active publicly listed securities are volatility products.

Source: Credit Suisse

 

Emerging Markets: Here is a forecast for inflation rates and the GDP growth across Latin America.

Source: @acemaxx, @MorganStanley, @josephncohen
Source: @acemaxx, @MorganStanley, @josephncohen

 

China: Higher rates are expected to pressure the nation’s property markets.

Source: BMI Research

 


Food for Thought: Student debt vs. future earnings (by college).

Source: HowMuch.net; Read full article

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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