The Daily Shot Brief – September 5th, 2018



The United States: Manufacturing reports continue to show rapid inventory build.

The Daily Feather: – Major restocking tends to coincide with the economy emerging from a recession, making the current inventory build unusual – in a bad way. Fear is driving companies to overbuild inventories. Transportation bottlenecks and worries over future higher-priced input costs are the two main catalysts.

Source: The Daily Feather


China: Investors are worried about China’s off-balance-sheet local government debt.

Source:, h/t Paul Menestrier; Read full article


The Eurozone: French household consumption has stalled.

Source: Goldman Sachs


Equity Markets: Cannabis stocks had a strong month. Constellation Brands’ investment in Canopy Growth has been the catalyst (see story).

Source: @markets; Read full article


Global Developments: This chart shows the equity market performance for select economies.

Source: Fitch Solutions


Emerging Markets: Manufacturing PMI indicators point to slower growth across EM.

Source: Capital Economics


Food for Thought: Nike’s Colin Kaepernick campaign targets younger customers and gets a great deal of free publicity.

Source: YouGov, @b_schaffner
Source: @luxury; Read full article




Edited by Joseph Cohen

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