The Daily Shot Brief – May 21st, 2020

Greetings,   United States: Let’s start with the housing market. Mortgage applications to purchase a home are almost back to 2019 levels. It’s been an impressive rebound. Shares of homebuilders have been outperforming since the market lows.   Eurozone: Consumer confidence bounced from the lows.   Energy: Crude oil inventories are finally declining. The next …

The Daily Shot Brief – May 18th, 2020

Greetings, Administrative Update Please note that The Daily Shot will not be published next Monday, May 25th. United States: Economists continue to downgrade their GDP growth forecasts. The latest consensus estimate suggests that during this quarter, the US economy will shrink by nearly a third.   Europe: European equities’ underperformance vs. the US continues to …