Greetings,
Administrative Update
1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th.
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United States: Price pressures persist, with companies passing on some of the increased costs to their clients.
Asia-Pacific: Australia’s housing credit growth has been unusually strong.
China: The World Economics SMI report shows surprisingly robust factory activity this month.
Emerging Markets: Indian equities have been outperforming as investors rotated out of China-sensitive economies.
Equities: The market has been rewarding companies focused on dividends and share buybacks rather than those investing in their business.
Food for Thought: Spending on new roads vs. road repair:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
