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.

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