Greetings,
The United States: Models show that the probability of a recession next year has diminished (pushed out to 2020).
Rates: The probability of three Fed rate hikes in 2019 keeps climbing.
China: F/X forwards continue to point to a weaker yuan ahead.
The Eurozone: Despite higher oil prices, the Eurozone’s long-term market-based inflation expectations continue to drift lower.
Equities: The smaller the stocks, the more pain in October:
Credit: Private credit funds continue to raise more capital.
Emerging Markets: Which countries’ markets rely heavily on US investors?
Food for Thought: Who makes the parts for iPhone-X?
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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