The Daily Shot Brief – November 20th, 2018

By The Daily Shot

Greetings,

The United States: US railcar loadings (an indicator of economic activity) are still well above the levels we saw in previous years. However, railcar loadings of cyclical cargo have slowed more than they did in 2017 for this time of the year.

Source: TS Lombard

 

China: Lower government bond yields should support the housing market next year.

Source: Danske Bank

 

The Eurozone: The Eurozone’s construction activity continues to improve.

Source: Pantheon Macroeconomics

 

Global Developments: Investors are increasingly uncertain about corporate profits.

Source: BofA Merrill Lynch Global Research

 

Equities: The market is pricing in a slowdown in consumer spending. This chart shows retail and consumer discretionary sectors over the past five days, followed by some examples.

Source: The Daily Shot

 

Emerging Markets: It will be a while before Argentina’s inflation begins receding. Will we see a 50% CPI print?

Source: Fitch Solutions

 


Food for Thought: Sales per employee for different types of retail establishments:

Source: Barclays, @bySamRo

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