The Daily Shot Brief – January 6th, 2021

Greetings and Happy New Year,

 

United States: The betting markets are now predicting that Democrats will take control of the Senate after the Georgia races.

Source: @PredictIt

 

This was a surprise for the markets. The impact on equities is unclear as massive stimulus programs may offset higher corporate taxes. Stock futures are a bit softer in early trading. What is more certain is that a Democratic sweep would pressure Treasuries due to much higher issuance (to fund stimulus programs). Treasury yields climbed.

Source: Daily Shot

 

Will the Fed be forced to increase the pace of Treasury purchases to keep rising yields from choking off the recovery?

 

Europe: Will zero-rate mortgages spread beyond Denmark?

Source: @business Read full article

 

Asia-Pacific: South Korea’s population declined last year.

Source: Daily Shot
Source: @WSJ Read full article

 

China: Where is Jack Ma?

Source: CNBC Read full article

 

Regulators may force Ant Group to share consumer data in an effort to “better control financial risk.”

Source: @WSJ Read full article

 

Government pressure is weighing on Alibaba’s stock price.

Source: @DantesOutlook

 

Energy: Oil futures rose sharply as Saudi Arabia decides to cut production.

Source: barchart.com
Source: Reuters Read full article

 

The Brent curve moved deeper into backwardation.

Source: Daily Shot

 

Food For Thought: Wealth growth vs. educational attainment:

Source: @stlouisfed Read full article

Edited by Devon Lall

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


If you would like to subscribe to the full-length Daily Shot (see example), please register here.

Leave a Reply