The Daily Shot Brief – October 3rd, 2017

Greetings,

 

The United States: Houston home sales seem to have recovered much quicker than those in New Orleans after Katrina.

Source: HomeLight
Source: HomeLight

 

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).

Source: FTN Financial

 

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.

Source: Moody’s Investors Service

 

Emerging Markets: Which currencies are undervalued and also can be a lucrative carry trade?

Source: Goldman Sachs, @joshdigga

 

The Eurozone: Germany’s manufacturing activity is expanding at the fastest rate since 2011.

Source: tradingeconomics.com

 

Equity Markets: Stocks have been highly correlated with Treasury yields recently.

Source: Credit Suisse

 


Food for Thought: What’s higher education worth? Depends on the country.

Source: @MikaelSarwe, @josephncohen

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/


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