The Daily Shot Brief – September 29th, 2020

Greetings,   United States: Forecasters are increasingly convinced that the next government stimulus package won’t be implemented until next year. And here’s Moody’s Analytics employment projections under various election outcomes:   Eurozone: The euro remains vulnerable to a potential unwind of massive short-dollar bets.   Emerging Markets: Despite the 200 bps rate hike, the Turkish …

The Daily Shot Brief – September 28th, 2020

Greetings,   United States: BlackRock expects a higher inflation regime in the medium term (well above market-based inflation expectations).   Inflation has been driven by demand this year.   The largest decline in credit/debit card spending has been among Americans with the best credit scores.   Eurozone: Who are the biggest beneficiaries of the EU …

The Daily Shot Brief – September 25th, 2020

Greetings, Administrative Update On September 30th at 12:30 PM EST, Sandy Leeds will be conducting a webinar on the latest market trends and economic developments. This event is a collaboration between The Daily Shot and Texas Executive Education (University of Texas). Our subscribers can sign up here.   United States: Bloomberg’s report shows that Americans are much more upbeat …

The Daily Shot Brief – September 23rd, 2020

Greetings,   United States: At the national level, the World Economics SMI report shows stabilization in business activity.   Canada: The second wave is here.   Eurozone: Italy’s political situation was stabilized by the referendum to cut the number of parliament seats (see comment below from Bloomberg).   China: China’s corporate borrowing costs have diverged …

The Daily Shot Brief – September 21st, 2020

Greetings,   United States: Consumer sentiment edged up this month, with the U. Michigan index topping forecasts. Expectations of business conditions improved.   Eurozone: The recent decline in service inflation was driven by travel-related sectors, the impact of which is likely to be transient.   Europe: European banks’ underperformance has accelerated (nearly 30% year-to-date).   …