The Daily Shot Brief – August 17th, 2020

Greetings,

United States: The rebound in retail sales has been impressive, but economists are concerned about the overall consumption growth. The charts below show high-frequency spending data

Source: Opportunity Insights, Harvard
Source: @WSJ Read full article

 

Eurozone: The Q2 GDP contraction was unprecedented in recent history.

Source: The Daily Shot

Pantheon Macroeconomics and other economists expect a much slower recovery than the ECB’s estimates.

Source: Pantheon Macroeconomics

 

Commodities: Speculative accounts cut back their bets on gold last week.

Source: The Daily Shot

 

Equities: Q2 was one of the biggest earnings surprise quarters in history.

Source: Market Ethos, Richardson GMP

 

Rates: The Aussie dollar, a proxy for global economic activity, has sharply diverged from Treasury yields.

Source: @AndreasSteno Read full article

 

Food For Thought: COVID-19 cases and deaths in the US vs. other advanced economies:

Source: @axios Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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