The Daily Shot Brief – June 17th, 2020

Greetings,   United States: Finally, we have some data on the PPP program (from Celeri Networks).   Eurozone: Italian government debt is still mostly held by domestic investors.   Equities: Robinhood’s profits show a spike in retail investor interest in options and smaller stocks.   Credit: New CLO reinvestment periods have shortened dramatically. “Static” means that …

The Daily Shot Brief – June 16th, 2020

Greetings,   Equities: Some 78% of fund managers surveyed by BofA see the stock market as “overvalued.”   Credit: Credit card delinquencies have been rising, especially for retail (store-issued) cards.   China: The rise in China’s dollar-denominated debt has been impressive.   United States: The rebound in restaurant bookings appears to be fading.   Global …

The Daily Shot Brief – June 9th, 2020

Greetings,   United States: Actual vs. reported unemployment (3 charts):   Eurozone: The ECB’s easing measures have boosted Italian bond prices, despite soaring government debt.   China: Here are some closely-watched economic trends. • Cement shipments:   • Car sales:   • Property sales:   Equities: The Nasdaq trading volume has spiked.   Rates: There has been a …