The Daily Shot Brief – October 31st, 2017

Greetings,

 

The United States: Here is the breakdown of the US GDP growth over time. Note that “private investment” includes changes in inventories.

Source: @LoganMohtashami; Read full article

Looking at the fourth quarter, below is the starting point (green) for the Atlanta Fed’s GDPNow model forecast: 2.9%.

Source: @AtlantaFed; Read full article

 

The Eurozone: Real rate differentials with the US continue to suggest that the euro is overvalued.

Source: BMI Research

 

Emerging Markets: Banks have been getting cautious on extending credit to Brazilian municipalities.

Source: Moody’s Investors Service

 

Equity Markets: The market is still hungry for IPOs as the post-IPO basket of stocks outperforms.

Source: The Daily Shot

 

Credit: Trading volumes in credit ETFs (as well as some other sectors) have been declining. Here is the HYG (iShares High-Yield Corp. Bond ETF) volume, for example.

Source: @lisaabramowicz1

 


Food for Thought: The cost of iPhone X as a proportion of average wages.

Source: @WhatILearnedTW, @qz; Read full article

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.

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. http://research.stlouisfed.org/fred2/


Contact the Daily Shot Editor: Editor@DailyShotLetter.com

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