Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1.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
Daily Shot Brief subscribers are eligible to receive the full-length Daily Shot for $115/year (a $20 discount).
To subscribe with this discount, you must register here (NOTE: The regular subscription page will not acknowledge this coupon). The coupon number is DSB329075 (please click the “apply” button for the discount to take effect).
A monthly subscription is also available (here).
The Food for Thought section is available as a separate newsletter. You can sign up here.
Please note that The Daily Shot is not an investment newsletter and is not intended for broad distribution.
If you have any questions, please contact Lev.Borodovsky@TheDailyShot.com.
Editor, The Daily Shot