Greetings,
Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/
United Kingdom: A more contagious strain of the COVID virus halted many international flights and sent London into an emergency lockdown.
The pound reversed its “Brexit optimism” gains.
Emerging Markets: The ruble is softer, partially in response to the massive hacking attack uncovered in the US.
Equities: The Russell 2000 index is now outperforming the S&P 500 year-to-date.
Credit: Global corporate capital-raising has been unprecedented.
Rates: Foreigners bought a substantial amount of Treasury bills.
Food For Thought: Healthcare spending vs. GDP per capita:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Dear Friends,
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