The Daily Shot Brief – February 27th, 2020

Greetings,   Equities: The number of S&P 500 stocks trading above the 200-day moving average is approaching 50%.   Credit: Spreads between BB and BBB bonds are higher amid increased risk aversion.   Rates: The market-based probability of three rate cuts this year is approaching 90%. Here is the market’s expectation for the fed funds …

The Daily Shot Brief – February 26th, 2020

Greetings,   United States: Despite the rising concerns about the coronavirus epidemic, US consumer confidence remains robust.   However, the stock market weakness is likely to dampen consumer sentiment in the weeks ahead.   In addition,  credit card delinquencies at smaller banks continue to climb.   Eurozone: The euro area ranks just below Asian economies in terms …

The Daily Shot Brief – February 25th, 2020

Greetings,   Alternatives: Most private equity managers are preparing for a market downturn.   Rates: Equity risk premium and term premium have been correlated and are in a structural decline, partly driven by global quantitative easing.   Commodities: Gold has been increasingly correlated to Treasuries, especially at the short end of the curve. The trend suggests that …

The Daily Shot Brief – February 21st, 2020

Greetings,   China: Hong Kong’s CPI surprised to the downside amid soft demand.   Japan: Pavilion Global Markets expects Japan’s stimulus measures to continue to be targeted at aiding household consumption and boosting public construction activity. Here’s a breakdown of the GDP growth by component.   United States: The Philly Fed regional manufacturing report was …