The Daily Shot Brief – July 10th, 2020

Greetings,

 

United States: Another 1.4 million Americans filed for unemployment benefits last week.

Source: The Daily Shot

While the headline initial claims figure has been gradually moderating, the situation is more troubling when the Pandemic Unemployment Assistance (PUA) program is taken into account.

Source: Oxford Economics

 


Eurozone:
The number of European “zombie” companies is on the rise.

Source: BofA Merrill Lynch Global Research, @jsblokland

 

China: The market fear/greed indicator is deep in greed territory.

Source: @markets; Read full article

 

Energy: US crude oil inventories remain elevated.

Source: EIA

But gasoline stockpiles (measured in days of supply) keep falling.

Source: EIA

 

Credit: US investment-grade corporate spreads continue to tighten.

Source: The Daily Shot

 

Food For Thought: SNAP participation:

Source: @markets; Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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