Greetings,
The United States: US consumers, especially those with higher incomes, are increasingly concerned about tariffs.
China: China’s export growth appears to be overstated based on trade data reported by the nation’s trading partners.
The Eurozone: Sweden’s central bank (Riksbank) pushed out its forecast for rate increases – again. It also downgraded its inflation projections.
The central bank has done this a few times in the past.
Equity Markets: The S&P 500 earnings-per-share (EPS) annual growth has fluctuated around 6.5% for decades.
Global Developments: This chart shows debt levels by country (% of GDP).
And here is the distribution of the world’s debt by sector.
Emerging Markets: EM equities are officially in bear-market territory.
Food for Thought: College textbooks CPI:
Have a great weekend!
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
