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United States: Longer-term market-based inflation expectations continue to grind higher (2 charts).
United Kingdom: As we saw yesterday, the Q2 GDP decline exceeded 20%. Here is a comparison to other economies.
The contraction would have been worse if it wasn’t for the relative strength in UK exports. The decline was almost half of what economists were expecting.
Energy: This chart shows US inventories of crude oil and gasoline, measured in days of supply.
Equities: The average holding period for stocks has declined sharply over the past few decades.
Global Developments: Next, we have ETF flows by asset class.
Food For Thought: The pandemic’s impact on major corporations:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com