The Daily Shot Brief – April 20th, 2020



United States: Morgan Stanley expects the unemployment rate to drop below 6% by the end of next year after hitting 15%.

Source: Morgan Stanley Research, @SBarlow_ROB


China: The percentage of overdue household loans has risen sharply.

Source: @WSJ; Read full article


Energy: US crude oil dipped below $15/bbl on oversupply concerns. We are now near the lowest levels since 1999.

Source: The Daily Shot

Part of the reason for such weakness is the additional crude oil coming in from Saudi Arabia.

Source: @WSJ; Read full article


Equities: Based on the forward price-to-earnings ratio (12 months out), US shares are quite expensive.

Source: The Daily Shot

Bets against SPY (S&P 500 ETF) have been rising.

Source: @WSJ, h/t @jessefelder; Read full article


Credit: The largest investment-grade bond ETF continues to see massive inflows.

Source: @markets; Read full article


Food for Thought: Declines in total crime, by city:

Source: @business; Read full article

Edited by Daniel Moskovits

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