The Daily Shot Brief – April 2nd, 2020



United States: Many economists were predicting an even more severe rise in initial jobless claims than what we saw last week (the report is out 8:30 AM EST today). Below is an estimate from Desjardins. The real number came out to 6.6 million.

Source: Desjardins

Goldman Sachs downgraded the Q2 GDP growth forecast again.

Source: Goldman Sachs


Eurozone: How much will the Eurozone’s unemployment rate rise over the coming months?

Source: Pantheon Macroeconomics


China: Economic activity metrics continue to recover. Coal consumption:

Source: Commerzbank Research

Subway ridership:

Source: Goldman Sachs

Home sales:

Source: ANZ Research


Equities: The recent updates to EPS projections paint a grim picture of earnings growth globally.

Source: @LizAnnSonders, @SocieteGenerale


Credit: Implied default rates have risen above 2008 levels for multiple sectors.

Source: MSCI; Read full article


Food for Thought: Donations to Democratic candidates in tech and financial services:

Source: @financialtimes; Read full article

Edited by Daniel Moskovits

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