The Daily Shot Brief – January 18th, 2021

Greetings,

 

United States: The U. Michigan consumer sentiment index declined this month.

Source: The Daily Shot

The Republican-Democrat expectations gap continues to widen.

Source: @TheTerminal, Bloomberg Finance L.P.

 

Eurozone: Italy’s GDP contracted again in Q4 and will see another decline this quarter, according to Prometeia.

Source: Prometeia

 

Commodities: Commodities had an impressive run since last March.

Source: Gavekal Research

 

Equities: The Bespoke Investment’s “ludicrous” indicator counts the number of companies with a market cap of $0.5bn or higher and a trailing price-to-sales of 10 or more that have doubled over the past three months. The index is extremely elevated but is still well below the dot-com highs.

Source: @bespokeinvest, @johnauthers, @bopinion Read full article

By the way, we continue to get questions about the current investment environment’s similarities to 1999/2000. This short video provides a good example.

 

Rates: What are the drivers of this year’s jump in Treasury yields?

Source: Goldman Sachs

 

Food For Thought: Excess deaths in the US:

Source: The New York Times Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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