The Daily Shot Brief – May 21st, 2020

Greetings,   United States: Let’s start with the housing market. Mortgage applications to purchase a home are almost back to 2019 levels. It’s been an impressive rebound. Shares of homebuilders have been outperforming since the market lows.   Eurozone: Consumer confidence bounced from the lows.   Energy: Crude oil inventories are finally declining. The next …

The Daily Shot Brief – May 18th, 2020

Greetings, Administrative Update Please note that The Daily Shot will not be published next Monday, May 25th. United States: Economists continue to downgrade their GDP growth forecasts. The latest consensus estimate suggests that during this quarter, the US economy will shrink by nearly a third.   Europe: European equities’ underperformance vs. the US continues to …

The Daily Shot Brief – May 8th, 2020

Greetings,   United States: Bloomberg’s consumer sentiment index continues to worsen (contradicting some other measures which show stabilization). The buying climate deterioration has been more severe than personal finances, as consumers retreat and the savings rate climbs.   United Kingdom: The Bank of England is forecasting the worst yearly decline in the GDP in centuries.   …