As a reminder, the next Daily Shot will be out on Tuesday, September 6th.
United States: The ADP private employment report was well below forecasts.
United Kingdom: Soft consumer credit expansion will dampen the GDP growth.
China: A stronger renminbi will be a drag on manufacturing activity.
Energy: US crude oil inventory is holding at 2017 levels, with the latest decline exceeding expectations.
Equities: Corporate balance sheets have improved after the pandemic shock, boosting share buyback activity (2 charts).
Food for Thought: Three-year change in US poverty rate:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com