The Daily Shot Brief – October 2nd, 2018

Greetings,

 

The United States: The FOMC has consistently been underestimating the pace of declines in the unemployment rate during this cycle.

Source: IIF

 

Global Developments: How have the government debt-to-GDP ratios changed since 2006?

Source: Deutsche Bank Research

 

China: The rate of new project approvals suggests increasing fiscal stimulus.

Source: @DriehausCapital

 

The Eurozone: Has the Fench debt-to-GDP ratio peaked?

Source: Ostrum Asset Management; Read full article

 

Equities: The next chart shows the Merrill Lynch private clients’ repositioning over the past four weeks.

Source: BofA Merrill Lynch Global Research

And the table below provides ETF flows for September. Healthcare seems to be a common theme with the chart above. The communications industry flows are due to the ongoing S&P sector rebalancing (into the new Communication Services sector).

Source: SPDR Americas Research

 

Credit: Growth in corporate bond ETF AUM has been impressive indeed.

Source: Gavekal

 

Emerging Markets: Mexican workers’ remittances (mostly from the US) remain robust.

Source: Goldman Sachs

 


Food for Thought: Health insurance is a crucial recruiting tool.

Source: Moody’s Investors Service

 

 

 

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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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

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