The Daily Shot Brief – February 3rd, 2020



China: The nation’s central bank (PBoC) injected a huge amount of liquidity into the financial system as the markets reopened after the Lunar New Year holidays.

Source: The Daily Shot
Source: The Daily Shot

The PBoC wanted to make sure there is ample liquidity for banks to keep rolling their liabilities (cash borrowed before the holidays).

Source: @markets; Read full article


The United Kingdom: Foreigners bought a massive amount of gilts after the elections.

h/t Lucy Meakin, @TheTerminal


United States: The Chicago PMI index was shockingly weak, suggesting that the Midwest manufacturing slump persisted through January.

Source: The Daily Shot

However, the indicator seems to stand out, with all the regional Fed factory gauges improving last month.

Source: Pantheon Macroeconomics


Equities: According to BMO, EPS growth has historically been a poor predictor of returns.

Source: BMO Capital Markets


Rates: The US yield curve inverted last week.

Source: The Daily Shot


Food for Thought: Retirement age:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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