United States: The budget deficit widened further in March.
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.
Below is an estimate from Fitch for the full year.
Eurozone: The Eurozone GDP contraction will depend on the length of the lockdown.
China: Cyclical stocks are no longer outperforming defensive stocks.
Equities: Nobody expects companies to return cash to investors at this point.
Companies that engaged in substantial share buybacks in the past continue to underperform.
Credit: Many energy and consumer investment-grade companies have a high probability of being classified as high-yield, according to Arbor Data Science.
Food for Thought: The US film industry:
Edited by Daniel Moskovits
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