The Daily Shot Brief – October 12th, 2018

By The Daily Shot Brief


The United States: This scatterplot shows US average hourly wages vs. the unemployment gap.

Source: IIF

As wage growth improves, so should the core PCE inflation (the Fed’s preferred measure).

Source: IIF

Here is Morgan Stanley’s core PCE forecast for next year.

Source: Morgan Stanley Research

Rates: Most of the increase in Treasury yields over the past 30 days has been due to rising term premium as opposed to risk neutral rates.

Source: The Daily Shot

China: The rate differential between China and the US has been closing, which has been putting downward pressure on the yuan.

Source: Danske Bank

The Eurozone: Will faster wage growth boost inflation across the Eurozone?

Source: Nordea Markets

Equities: Valuations have improved meaningfully this week. Here is the forward-looking P/E ratio (green).

Source: @TheTerminal

Global Developments: Below is Oxford Economics’ estimates for the output gap in advanced economies.

Source: Oxford Economics

Emerging Markets: This chart shows the minimum wage by country.

Source: Deutsche Bank Research


Food for Thought: Who supplies parts for Boeing 787 Dreamliner?

Source: Lazard Asset Management; Read full article

Support 100% ad-free by making a donation of your choice!

Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get even more bang for your buck. You can also keep up to date with plenty of actionable public content at by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at

Published by

Gary &