Greetings,
United States: At this point, over 40% of the population has seen reopening halted or reversed (2 charts).
China: The June Markit Manufacturing PMI report topped economists’ expectations. Factories are now firmly in growth mode.
Energy: US energy CapEx is rebounding, according to Morgan Stanley.
Credit: This chart shows US corporate bond returns by rating
Equities: This is the largest gap between the top and bottom S&P 500 valuation quintiles since the dot-com bubble.
Food For Thought: Slower reopening in some states:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
