The Daily Shot Brief – November 3rd, 2018

By The Daily Shot

Greetings,

The United States: This chart shows the difference between CEOs’ future expectations and their assessment of the present situation. The second chart has the same measure for the consumer.

Source: Gavekal

 

China: The Caixin/Markit Composite PMI (manufacturing + services) is approaching 50 (business activity growth is stalling).

Source: Markit, tradingeconomics.com

 

Europe:  Finally, this chart shows government debt service burdens as a percentage of the GDP.

Source: IIF

 

Equities: Analysts are still upbeat on corporate earnings.

Source: Deutsche Bank Research

Growth has been strong even without the impact of lower taxes.

Source: Deutsche Bank Research

But earnings growth is expected to return to more typical levels next year.

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

 

Credit: Corporate defaults slowed further during the last quarter. Are credit investors being lulled into complacency?

Source: Moody’s Investors Service

 

Emerging Markets: Markets are showing signs of improvement (although gains have been uneven). Here is Mexico’s stock index, for example.

Source: The Daily Shot

 


Food for Thought: What are the betting markets telling us about the outcome of the US midterm elections (cents = % probability)?

Source: @PredictIt

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Published by

Gary

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