The Daily Shot Brief – December 23rd, 2020



Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1.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


United States: The Conference Board’s consumer confidence index is back near pandemic lows this month.

Source: Daily Shot


Some economists expect the vaccine progress and the new stimulus bill to boost sentiment next month – assuming the relief package is not delayed.

Source: Reuters Read full article


Canada: Consumers remain in good spirits during this holiday season.

Source: Scotiabank Economics


Emerging Markets: Fund flows to EM stocks have been weak this year.

Source: Alpine Macro


Equities: The most shorted stocks in the Russell 3000 (broad) index continue to widen their outperformance vs. the S&P 500, punishing short-sellers.

Source: Daily Shot


Rates: Large tech companies own a considerable amount of Treasuries.

Source: Deutsche Bank Research


Food For Thought: Cancelling travel plans:

Source: @CivicScience, @CDCgov

Edited by Devon Lall

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