Greetings,
The United States: These scatter plots show the recent breakdown in correlation between economic growth and inflation. That’s why some FOMC members are calling for a pause in rate hikes.
Credit: Global high-yield (HY) corporate bond issuance keeps climbing.
Global Developments: Consumer sentiment and spending continue to diverge across advanced economies.
The Eurozone: Italy is the most eurosceptic country in the Eurozone.
Emerging Markets: EM currencies continue to rally despite the North Korea tensions.
The JPMorgan EM Currency Index:
Equity Markets: This chart, although dense, does an amazing job detailing how the US stock market responded to military conflicts in the past.
Food for Thought: When in France, how many times do you kiss when you greet a friend? It depends.
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
