The Daily Shot Brief – October 21st, 2019



The United States: The Bloomberg Buying Climate Index shows that US consumers are ready to go shopping.

Source: @markets; Read full article


In addition, about 40% of fund managers now see the US-China trade war as the “new normal” according to BofA Merrill Lynch.

Source: BofA Merrill Lynch Global Research


Canada: Next, we have some projections of fiscal deficit and debt levels under different outcomes of today’s elections.

Source: Oxford Economics
Source: Scotiabank Economics

South Korean and Chinese equities have a strong correlation to global export growth.

Source: TS Lombard


Emerging Markets: EM retail sales growth has been slowing.

Source: Capital Economics


Energy: US natural gas in storage is now above the five-year average.

Source: U.S. Energy Information Administration


With inventories elevated, the market now expects deeper price declines during periods of low demand (such as in the spring). Here is the natural gas futures curve.

Source: The Daily Shot


Equities: Fund managers remain committed to defensive stocks.

Source: BofA Merrill Lynch Global Research


Food for Thought: Cocaine consumption based on wastewater testing:

Source: Statista

Edited by Devon Lall

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