Greetings,
The United States: The recent tightening in financial conditions has been unusually sharp.
Global Developments: Tighter financial conditions should further slow growth in advanced economies.
China: Domestic private firms increasingly dominate China’s exports.
The Eurozone: Nonperforming loan percentages have declined across the board. But is it over for this downward trend?
Equities: Here is how Wall Street sees the recent selloff vs. how the Fed views it.
Credit: With the US fixed-income capital markets continuing to grow, companies rely less on bank financing.
Emerging Markets: Most EM currencies have been outperforming the S&P 500 this month.
Food for Thought: Airline companies’ stats:
Edited by Joseph 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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