Greetings,
The United States: This chart shows US household formation over time (renters vs. homeowners).
China: This chart shows the RMB (yuan) usage in foreign payments.
The Eurozone: Switzerland’s PMI is declining quickly (yesterday we saw sagging economic confidence – see chart).
Equities: Small banks have boosted their borrowing in recent months which isn’t helping their share prices (especially if the yield curve stays flat).
Credit: Fixed-income ETF trading volume jumped, especially for EM debt and US high-yield.
Emerging Markets: This chart shows central bank rates across Latin America.
Food for Thought: How quickly do companies fix software flaws?
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), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
