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: 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

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