The Daily Shot Brief – February 7th, 2020



Global Developments: Healthcare funds are benefitting from sizeable inflows, in part due to the epidemic. But so are other risk assets.

Source: BofAML, @TayTayLLP


The United States: The Fed’s accommodative monetary policy produced substantial asset inflation, while growth in “real economy” prices has been modest.

Source: Charles Schwab, @LizAnnSonders


Also, one of the reasons for low volatility in financial assets has been the ongoing decline in the volatility of the GDP. Here is the standard deviation of annualized quarterly fluctuations in the US GDP (in percent).

Source: The Daily Shot


The Eurozone: European banks’ effective financing costs have collapsed over the past decade.

Source: Credit Suisse, @TayTayLLP


Equities: Market implied volatility remains disconnected from economic policy uncertainty.

Source: Deutsche Bank Research


Credit: According to a Morgan Stanley survey, investors expect US investment-grade credit spreads to widen further this year.

Source: Morgan Stanley Research


Food for Thought: The US job quality index:

Source: U.S. Private Sector Job Quality Index

Edited by Devon Lall

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