The Daily Shot Brief – February 1st, 2021

Greetings,

 

United States: Consumers are more apt to spend the new stimulus checks than the CARES Act payments last year.

Source: @MylesUdland, @BofA_Business

 

Eurozone: The euro-area broad money supply expansion accelerated further in December.

Source: The Daily Shot

The rapid money supply expansion points to a potential rebound in economic activity once the pandemic is under control.

Source: Pantheon Macroeconomics

 

Commodities: The Reddit crowd is going after silver, …

Source: The Daily Shot

… generating a short-squeeze in silver ETFs.

Source: The Daily Shot

 

Equities: Most shorted names continued to outperform on Friday.

Source: The Daily Shot
Source: Goldman Sachs, @carlquintanilla

 

Rates: BCA Research expects a Fed rate hike in late-2022 or the first half of 2023.

Source: BCA Research

 

Food For Thought: Online search for “stock market bubble”:

Source: @WSJ Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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