Greetings,
The United States: Houston home sales seem to have recovered much quicker than those in New Orleans after Katrina.
Credit: Here is a summary of the September performance for major asset classes. The spread compression really stands out (“LOAS” = option-adjusted spread to LIBOR).
The United Kingdom: Theresa May wants to “have her cake and eat it too.” No other country currently has the arrangements with the EU that the UK wants to have.
Emerging Markets: Which currencies are undervalued and also can be a lucrative carry trade?
The Eurozone: Germany’s manufacturing activity is expanding at the fastest rate since 2011.
Equity Markets: Stocks have been highly correlated with Treasury yields recently.
Food for Thought: What’s higher education worth? Depends on the country.
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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