The Daily Shot Brief – April 6th, 2020

Greetings,

Administrative Update

Please note that the Daily Shot will not be published this Friday, April 10th.

United States: The US lost about 700k jobs (Morgan Stanley’s forecast was spot on).

Source: The Daily Shot

Given the initial unemployment claims figures, the March report was just the tip of the iceberg.

Source: @WSJ; Read full article

 

Commodities: Funds have dramatically shortened their exposure to commodities.

Source: @Ole_S_Hansen

 

Equities: This chart shows the 2-month changes in asset managers’ S&P 500 futures positioning.

Source: @movement_cap

 

Credit: Rating downgrades are accelerating (see definition of fallen angels).

Source: Alpine Macro; Read full article

 

Global Developments: The Fed’s securities holdings could double this year.

Source: Nordea Markets

The rapid monetary expansion could put substantial pressure on the US dollar.

Source: Nordea Markets

 

Food for Thought: Local TV viewership:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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