The United States:This version of the Phillips Curve is forecasting wages to be growing at over 3% annually a year from now.
The Eurozone: This chart compares the French composite output subindex (both manufacturing and services) with the nation’s GDP growth.
Emerging Markets: Here is the JPMorgan Emerging Market Currency Index.
Equity Markets: This chart compares the dividend yield with the “buyback yield” going back to 1871.
Credit: High-yield spreads have diverged from a corporate bank lending index shown below (loan demand minus tightening lending standards).
Rates: How did the Treasury curve behave during the previous Fed tightening cycles?
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).
Food for Thought: Traffic changes at top news sites over the past year (they forgot the WSJ).
Edited by Joseph N Cohen
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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.
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