The Daily Shot Brief – August 19th, 2020

Greetings,

United States: This chart shows consumer debt changes in the first half of 2019 and 2020 (significant reductions in credit card debt).

Source: LendingTree

 

Europe: Job losses due to corporate restructuring have been substantial.

Source: ING

 

Also, the Swiss Franc remains negatively correlated with markets that signal risk-on, such as equities and yields/curve.

Source: Morgan Stanley Research

 

Energy: The US rig count is set to recover.

Source: @adam_tooze, @NordeaMarkets, @MacrobondF Read full article

 

Equities: Fund managers are increasingly convinced that we are in a bull market.

Source: @ISABELNET_SA, @BofAML

 

Is M&A activity rebounding?

Source: S&P Global Market Intelligence

 

Credit: Investors continue to demand LIBOR floors on new leveraged loans.

Source: @LPCLoans, @refinitiv

 

Food For Thought: Water stress globally:

Source: BlackRock

Edited by Devon Lall

Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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