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United States: The trajectory of US unemployment will determine the number of evictions (which are expected to peak in October).
China: Exports have been robust, boosting China’s trade surplus to multi-year highs.
But the rebound in exports has been uneven across sectors.
Equities: Downside volatility is at the lowest levels of the year.
Credit: The biggest weekly flows into corporate bond and loan funds have occurred this year.
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.
Food For Thought: New York City subway ridership:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com