The Daily Shot Brief – October 11th, 2018



The United States: This chart shows the divergence between the US and China’s business activity. Is it sustainable?

Source: ANZ Research


Rates: This chart compares the 3-month T-bill yield to the equivalent rate in Germany and the UK.

Source: Thomas Costerg, Pictet Wealth Management


China: Portfolio flows are still positive but have slowed.

Source: IIF


The United Kingdom: Below is the UK’s service-sector employment outlook index.

Source: Longview Economics


Equities: Here is an update on passive vs. active fund flows.

Source:, h/t Paul Menestrier; Read full article


Global Developments: Below is Oxford Economics’ estimates for the output gap in advanced economies.

Source: Oxford Economics


Emerging Markets: This chart shows the spread between US high yield bonds and EM debt.

Source: SPDR Americas Research


Food for Thought: Meth labs by county:

Source: @onlmaps; Read full article




Edited by Joseph Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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