The Daily Shot Brief – November 2nd, 2017



The United States: Reports from both Markit and ISM showed that US factory activity remained brisk in October. Markit’s summary (below) tells us that smaller manufacturers showed an improvement as well.

Source: The Daily Shot
Source: IHS Markit; Read full article

Some analysts, however, point out that we still have a disconnect between “soft” and “hard” data. Here is the ISM index vs. the US industrial production.

Source: Piper Jaffray


Europe: The percentage of Western Europeans living in owner-occupied homes is drifting lower (on average).

Source: Moody’s Investors Service


Emerging Markets: Russia’s factory activity is now barely growing.

Source: IHS Markit; Read full article


Equity Markets: The Investor Intelligence sentiment index (bulls/bears ratio) hit another post-1987 high. Bearish investors are capitulating.

Source: Yardeni Research


Credit: Energy/commodity default rates as slowing just as retail defualts are picking up.

Source: Moody’s Investors Service


Food for Thought: Other than the country in which you currently reside, where would you like to live?

Source: @BrilliantMaps; Read full article

Edited by Joseph N Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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