Greetings,
The United States: The market reaction to Friday’s upside wage growth surprise was far more benign than after a similar report in February. Volatility across key markets has been flat since Friday.
China: While China has a record trade surplus with the US, the nation runs a deficit with other major trading partners.
The Eurozone: Italian bond spreads to Germany have been tightening recently.
Equity Markets: Americans with only a high-school education (or less) have soured on the stock market again.
Global Developments: This chart shows the distribution of family-owned companies globally (“APxJ” = Asia-Pacific excluding Japan).
Emerging Markets: The charts below show EM capital and portfolio flows.
However, a number of country/regional EM ETFs saw inflows last week.
Food for Thought: The spread between Democrat and Republican Senate seats up for reelection:
Edited by Joseph Cohen
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
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
