The Daily Shot Brief – September 29th, 2017

Greetings,

 

The United States: Here is a chart comparing consumer confidence (expectations) and real consumer spending.


Source: Deutsche Bank, @joshdigga

 

Credit: Are the loose structural characteristics of the leveraged loan market here to stay?

Source: @theleadleft, @TRLPC, @josephncohen; Read full article

 

The United Kingdom: Here is a dashboard of what happened to the economy since the vote and more recently.

Source: Moody’s Investors Service

 

Emerging Markets: Brazil is still struggling with the private sector credit crunch, but there are signs of improvement.

Source: Goldman Sachs, @joshdigga

 

The Eurozone: It’s becoming increasingly likely that the ECB will announce a QE tapering program next month or shortly after. Here is why.

Consumer and business confidence is at multiyear highs.

 

German “super core” CPI (excluding the volatile components of the index) is climbing.


Source: @fwred

 

Equity Markets: Finally, when investors look at the float of a particular stock, they should be adjusting for the shares “trapped” inside passive funds/ETFs. The trapped amount is less likely to follow the company’s fundamentals as it “blows in the wind” of index trading.

Source: Goldman Sachs, @joshdigga; Further reading

 


Food for Thought: Media coverage of the three major hurricanes.

Source: @FiveThirtyEight, @josephncohen; Read full article

Edited by Joseph N 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.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


Contact the Daily Shot Editor: Editor@DailyShotLetter.com

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