Greetings,
Credit: Here is the total US corporate debt as a percentage of the GDP.
Rates: Treasury yields keep climbing on tax reform hopes and stronger US data.
Alternatives: Under pressure to boost returns, US public pensions continue to allocate to hedge funds.
The United States: US initial jobless claims were lower than expected but remain elevated as a result of Irma and Harvey.
By the way, here is the leading economic index for Texas.
China: Local government debt maturity wall could pose some risks.
Global Developments: Here is an illustration of what many consider to be “market bubbles.”
Food for Thought:The rapidly growing political divide in the US:
• Social interactions between Republicans and Democrats are limited. It’s the equivalent of two separate nations in one.
• The ideological divide has widened dramatically.
Edited by Paul Menestrier
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
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