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Greetings,
United States: This chart shows the COVID policy response (authorized vs. deployed).
And here are the components of government support for households.
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”)
Equities: Fund flows have diverged from market performance (2 charts).
Also important to note, short interest in S&P 500 stocks has been declining.
Credit: Sub-investment-grade companies are borrowing at record-low rates.
Global Developments: How do businesses view growth prospects?
Food For Thought: Vaccine developers:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
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