The United States: Below is the Goldman Sachs Current Activity Indicator (CAI) heat map, which continues to show a divergence between “soft” and “hard” economic indicators.
We see a similar trend in the Economic Momentum Indicator from Oxford Economics.
Global Developments: Global trade growth indicators continue to deteriorate.
China: Below is the breakdown of US imports from China that are getting hit by the latest round of tariffs.
The Eurozone: Here is Goldman’s GDP tracker for the Eurozone.
Equities: The US stock market is the only major asset class that made money this year.
Energy: Venezuela’s crude oil output is expected to keep deteriorating.
Emerging Markets: This scatterplot shows private vs. public debt levels as a percentage of the GDP.
Food for Thought: Social media platforms usage in the US:
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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