The Daily Shot Brief – October 25th, 2019



United States: Morgan Stanley’s US recession probability model has turned lower in recent weeks.

Source: Morgan Stanley Research


Europe: With foreign capital flowing in, European markets have been remarkably forgiving of businesses that missed earnings expectations. Companies that missed saw (on average) an increase in their share price. And those firms that beat forecasts experienced massive rallies. These market responses to third-quarter earnings have been unprecedented.

Source: Deutsche Bank Research


China: China’s productivity growth continues to outpace the rest of the world. As a result, analysts think that in time, exports will improve. Manufacturing in other countries is simply less efficient for buyers.

Source: Alpine Macro


Emerging Markets: Chile’s stocks appear to be underpriced relative to terms of trade. According to Alpine Macro, other indicators also suggest that the nation’s shares are attractively priced.

Source: Alpine Macro


Commodities: This chart shows the global export market for soybeans, wheat, and corn. Soybeans are more vulnerable to disruptions, with three countries dominating the market.

Source: BCA Research


Food for Thought: How Americans like their eggs:

Source: @YouGovUS; Read full article

Edited by Devon Lall

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