`Greetings,
United States: Another four million Americans filed for unemployment last week.
While the weekly applications are expected to slow, millions more will be applying for unemployment benefits in the weeks ahead. Here is a forecast from Pantheon Macroeconomics.
This map shows what portion of the workforce has filed for unemployment since March 15th.
Eurozone: The Citi Economic Surprise Index hit a record low.
Equities: Investors have been shunning companies with weak balance sheets.
Credit: Here is the distribution of US corporate bonds by rating.
Rates: The US broad money supply growth rate is the highest in modern history (driven by the Fed’s rapid-fire QE).
Food for Thought: Support for restrictions to prevent the virus spread:
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 DailyShotWSJ.com
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 support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
