The Daily Shot Brief – April 6th, 2020


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Please note that the Daily Shot will not be published this Friday, April 10th.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

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

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

Contact the Daily Shot Editor:


Leave a Reply