Top 5 Charts of the Week: China, Global Trade, Reflation, and Asian FX

By Callum Thomas

Here’s some of the standout economic and markets charts on my radar. I aim to pick a good mix of charts covering key global macro trends, and ones which highlight risks and opportunities across asset classes. Hope you enjoy!

1. Manufacturing PMI – China vs USA: T he November PMI data showed the US economy chugging along at a solid pace, and China’s economy continuing to lose momentum. Perhaps a salient chart given the weekend’s “news” of the trade war ceasefire (my take = constructive skepticism… i.e. we’ll see).

Continue reading Top 5 Charts of the Week: China, Global Trade, Reflation, and Asian FX

The Daily Shot Brief – December 3rd, 2018

By The Daily Shot

Greetings,

The United States: The U. Michigan survey tells us that Americans who expect the highest long-term inflation have been scaling back their projections.

Source: BofA Merrill Lynch Global Research

 

China: US imports of Chinese goods that are subject to 25% tariffs are collapsing. That’s why a delay in the current 10% tariffs becoming 25% is a big deal. But can it be averted altogether?

Continue reading The Daily Shot Brief – December 3rd, 2018

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.

Continue reading The Daily Shot Brief – November 20th, 2018