The Daily Shot Brief – May 1st, 2020



United States: Credit card spending is now down 25% from the same time last year.

Source: Daily Shot


The US savings rate increased by the highest percentage in 39 years (see story)

Source: FRED


China: China’s restaurant recovery has lost momentum.

Source: Gavekal


Also, Macau gaming revenues are down 97% on a year-over-year basis.

Source: Daily Shot


Equities: Companies are suspending dividends, …

Source: @WSJ; Read full article


… while share repurchase activity has slowed.

Source: Goldman Sachs, @markets; Read full article


Credit: Regional banks have accelerated loan loss provisions.

Source: @andrea_cicione


Rates: The market expects short-term rates to remain near zero for at least three years.

Source: @markets; Read full article


Food for Thought: Business failures during the Spanish Flu:

Source: Federal Reserve Bank of Chicago; Read full article

Edited by Devon Lall

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