The Daily Shot Brief – April 14th, 2020



United States: The budget deficit widened further in March.

Source: The Daily Shot

But last month’s increase was just the tip of the iceberg. The budget gap is expected to exceed WW-II levels this quarter, according to Nomura.

Source: Nomura Securities

Below is an estimate from Fitch for the full year.

Source: Mehlman Castagnetti Rosen & Thomas; Read full article


Eurozone: The Eurozone GDP contraction will depend on the length of the lockdown.

Source: Goldman Sachs


China: Cyclical stocks are no longer outperforming defensive stocks.

Source: BCA Research


Equities: Nobody expects companies to return cash to investors at this point.

Source: BofAML, @Callum_Thomas

Companies that engaged in substantial share buybacks in the past continue to underperform.

Source: The Daily Shot


Credit: Many energy and consumer investment-grade companies have a high probability of being classified as high-yield, according to Arbor Data Science.

Source: Arbor Research & Trading


Food for Thought: The US film industry:

Source: @bopinion; Read full article

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

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

Contact the Daily Shot Editor:


Leave a Reply