The Daily Shot Brief – November 1st, 2018



The United States: Americans should expect a bump in tax refunds next year (see Morgan Stanley’s comments below).

Source: Morgan Stanley Research


China: This chart shows how Beijing has been “guiding” the housing market. Do the current levels suggest that housing policy tightening is coming?

Source: Gavekal


The Eurozone: Is business investment about to slow?

Source: @business; Read full article


Equities: Growth in profit margins continues to climb.

Source: @charliebilello


Credit: CCC bond yields jumped above 10% (on average).

Source: @lisaabramowicz1


Emerging Markets: The broad MSCI EM currency index remains near the lows for the year.

Source: The Daily Shot


Food for Thought: Is there a relationship between violent events in the US and the stock market?

Source: Peter Atwater, Financial Insyghts LLC


Edited by Joseph Cohen

What We’re Reading: The Kobeissi Letter

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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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