The Daily Shot Brief – April 3rd, 2020



United States: Bank of America now sees the GDP contracting by over 10% for the whole year.

Source: BofA Merrill Lynch Global Research


Eurozone: The number of new infections in Italy is gradually trending lower.

Source: JHU CSSE


China: The PMI report from Markit shows China’s service-sector business activity still in decline (PMI < 50), but the rate of contraction has moderated.

Source: The Daily Shot

The labor market faces substantial headwinds.

Source: Gavekal


Equities: Goldman’s base case is a 33% decline in the S&P 500 earnings-per-share this year.

Source: @ISABELNET_SA, @GoldmanSachs


Rates: The Fed’s balance sheet continues to climb at an unprecedented rate as the central bank buys Treasuries and agency MBS.

Source: The Daily Shot, FRED


Food for Thought: COVID-19 patients hospitalized:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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