The Daily Shot Brief – August 11th, 2020

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Lev Borodovsky
Editor, The Daily Shot


United States: This chart shows the COVID policy response (authorized vs. deployed).

Source: ANZ Research, CRFB


And here are the components of government support for households.

Source: Morgan Stanley Research


United Kingdom: While the headline policy rate has stayed flat, unconventional policy measures have pushed the shadow rate to deeply negative levels, according to Longview Economics. (Shadow rates are methods to estimate interest rates based off of benchmarks when the rates are near the “zero-lower bound”)

Source: Longview Economics


Equities: Fund flows have diverged from market performance (2 charts).

Source: @markets Read full article
Source: @Callum_Thomas, @topdowncharts


Also important to note, short interest in S&P 500 stocks has been declining.

Source: @themarketear


Credit: Sub-investment-grade companies are borrowing at record-low rates.

Source: @markets Read full article
Source: @tracyalloway, @PSeligson, @gowrinyc Read full article


Global Developments: How do businesses view growth prospects?

Source: Oxford Economics


Food For Thought: Vaccine developers:

Source: @adam_tooze, @NAR Read full article

Edited by Devon Lall

Contact the Daily Shot Editor:


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