The Daily Shot Brief – February 20th, 2020



United States: Residential construction continues to surprise to the upside. The January housing starts and building permits exceeded market expectations.

Source: The Daily Shot
Source: The Daily Shot


United Kingdom: Real earnings are finally above the pre-crisis peak.

Source: @financialtimes; Read full article


China: Other than the count adjustment a few days ago, the number of new coronavirus cases has been slowing.

Source: @business; Read full article


Equities: According to Oxford Economics, US tech sector valuations have reached levels that have historically led to underperformance.

Source: Oxford Economics


Global Developments: Capital Economics expects the coronavirus hit to be big enough for global GDP to contract this quarter.

Source: Cantor Fitzgerald Market Strategy Team


Food for Thought: Income mobility:

Source: WEF; Read full article

Edited by Daniel Moskovits

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