Greetings,
United States: Americans are saving/investing more of their stimulus cash.
Nonetheless, Bank of America is predicting an 11% jump in retail sales for March.
And here is a forecast for personal incomes from Morgan Stanley.
Eurozone: Euro-area financial conditions are the most accommodative in years.
Emerging Markets: Brazil’s COVID-related deaths hit a record high.
Brazilian stocks have underperformed substantially since the start of 2020 (in dollar terms). Will the gap narrow going forward?
Equities: The S&P 500 forward price-to-sales ratio hit another post-dot-com high.
Rates: Here is the one-week change in the Treasury curve.
Food For Thought: Top 200 shot locations in the NBA:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
