The Daily Shot Brief – February 4th, 2020



The Eurozone: German banks are holding record amounts of physical cash.

Source: @business; Read full article


China: The government is expected to continue providing substantial fiscal stimulus to the economy in 2020.

Source: Morgan Stanley Research


Commodities: ETFs’ holdings of gold hit another record high.

h/t Ranjeetha Pakiam, @TheTerminal


Energy: The front of the Brent curve shifted into contango (positive-sloping) amid demand concerns. Goldman is now advocating a bet on the return to backwardation.

Source: The Daily Shot


Also, bankruptcies in the Texas oil patch continue to rise.

Source: Haynes and Boone; Quill Intelligence


Rates: Flows into bond and money-market funds accelerated in recent months.

Source: Bernstein, @tracyalloway


Food for Thought: US breweries:

Source: Statista

Edited by Devon Lall

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