The Daily Shot Brief – August 7th, 2020

Dear Friends,

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Editor, The Daily Shot


Greetings,

United States: The trajectory of US unemployment will determine the number of evictions (which are expected to peak in October).

Source: The Aspen Institute

 

China: Exports have been robust, boosting China’s trade surplus to multi-year highs.

Source: Daily Shot

 

But the rebound in exports has been uneven across sectors.

Source: Gavekal

 

Equities: Downside volatility is at the lowest levels of the year.

Source: @ISABELNET_SA, @MorganStanley

 

Credit: The biggest weekly flows into corporate bond and loan funds have occurred this year.

Source: @lisaabramowicz1, @skyler_rossi, @theterminal

 

Rates: The chaos in the Treasury market at the start of the crisis had little to do with hedge funds (despite some media reports). It was all about foreign corporations, governments, and central banks selling US debt to raise liquidity.

Source: @adam_tooze, Brookings Read full article

 

Food For Thought: New York City subway ridership:

Source: Deutsche Bank Research

Edited by Devon Lall

Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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