The Daily Shot Brief – October 25th, 2017



The United States:This version of the Phillips Curve is forecasting wages to be growing at over 3% annually a year from now.

Source: BMO Wealth Management


The Eurozone: This chart compares the French composite output subindex (both manufacturing and services) with the nation’s GDP growth.

Source: @MarkitEconomics; Read full article


Emerging Markets: Here is the JPMorgan Emerging Market Currency Index.

Source: Bloomberg


Equity Markets: This chart compares the dividend yield with the “buyback yield” going back to 1871.

Source: @MorningstarInc; Read full article


Credit: High-yield spreads have diverged from a corporate bank lending index shown below (loan demand minus tightening lending standards).

Source: Variant Perception; Read full article


Rates: How did the Treasury curve behave during the previous Fed tightening cycles?

Source: Capital Economics


Global Developments: This chart shows the fiscal/monetary policy changes for major economies over the past three months (Argentina needs to be moved back into the “tightening” square).

Source: BMI Research


Food for Thought: Traffic changes at top news sites over the past year (they forgot the WSJ).

Source: @axios; Read full article

Edited by Joseph N Cohen

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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.

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.

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