The Daily Shot Brief – October 2nd, 2018



The United States: US labor force participation is returning to its secular trend (which is driven by aging population).

Source: Deutsche Bank Research


Global Developments: This chart shows the recent history of implied volatility in EM currencies, EM equities, and US equities.

Source: BlackRock; Read full article


China: Economists expect credit impulse to strengthen next year in response to the recent monetary policy easing.

Source: ANZ Research


The Eurozone: Does the Eurozone’s slower money supply expansion (see chart) point to weaker GDP growth ahead?

Source: Gavekal ; Read full article


Equities: This chart shows the percentage of US-listed IPOs of unprofitable companies. The last time we were at these levels was during the dot-com bubble.

Source: @WSJ; Read full article


Energy: Brent crude is trading near $85/bbl for the first time in almost four years.

Source: The Daily Shot

Some analysts are talking $100 oil again as supplies shift into deficit next year.

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


Emerging Markets: Investors are becoming less jittery about EM currencies. Here is JP Morgan’s EM currency volatility index.

Source: The Daily Shot

Food for Thought: US teens’ favorite way to communicate:

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



Edited by Paul Menestrier

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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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