Rates: The probability of another rate cut this year dipped below 10% in response to the news of a potential US-China “interim” trade deal.
Equities: This chart shows inflation-adjusted earnings per share for the Russell 3000 (broad US market).
Energy: WTI crude oil usually rises when managed money short positioning is at such extreme levels.
China: China’s courts are processing more bankruptcies.
Problem loans keep climbing.
United States: Bloomberg’s consumer sentiment index slipped in recent weeks.
Consumers appear to be concerned about their financial situation.
Food for Thought: Who will be next to drop out of the 2020 Democratic presidential nomination race? Here is what the betting markets tell us.
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 DailyShotWSJ.com
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 firstname.lastname@example.org.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com