The United States: Will improved pricing power in the corporate sector result in an upside inflation surprise?
China: The percentage of Chinese bonds held by foreigners keeps climbing.
Eurozone: Here is Goldman’s Q4 GDP tracker for the Eurozone.
Equities: Valuations remain reasonable since the October selloff.
However, analysts are concerned that tighter financial conditions (especially further strength in the dollar) will dent earnings growth next year.
Credit: Investors are getting back into junk bonds.
Emerging Markets: South Africa’s mining production declined on a year-over-year basis.
Global Developments: More central banks are hiking rates.
Food for Thought: The US retail sector has stabilized.
Edited by Joseph Cohen
What We’re Reading: The Kobeissi Letter
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.
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