The Daily Shot Brief – October 30th, 2019



United States: The recent curve inversion has been shorter and shallower than the previous ones. This chart shows the spread between the 10yr Treasury and the fed funds rate.

Source: Natixis


The United Kingdom: Households’ liquidity growth points to a rebound in consumption.

Source: Pantheon Macroeconomics


China: Chinese local governments have quite a bit of debt to refinance next year.

Source: @markets; Read full article


Equities: The percentage of companies beating earnings estimates is at the highest level since 2006.

Source: Bespoke Investment Group


The percentage of small caps that are unprofitable keeps climbing (particularly in sectors such as biotech and energy).

Source: BofAML, @jessefelder, @markets; Read full article


Global Developments: Rate differentials between the US and other economies suggest that the dollar should be weaker.

Source: Capital Economics


Food for Thought: Economic mobility gap:

Source: @axios; Read full article

Edited by Daniel Moskovits

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