The Daily Shot Brief – July 16th, 2020



United States: The NY Fed’s regional manufacturing index showed an impressive improvement in factory activity. It’s worth noting that New York and New Jersey were late to reopen, and some of the rebound is due to pent-up demand.

Source: The Daily Shot

The expectations index is off the highs but remains elevated.

Source: The Daily Shot


United Kingdom: This year’s gilt sales will dwarf what we saw during the Financial Crisis. Of course, the market doesn’t care (see chart).

Source: @markets; Read full article


China: The economy rebounded sharply in the second quarter, with the GDP report surprising to the upside.

Source: The Daily Shot


Equities: The tech mega-caps’ earnings are expected to leave the rest of the S&P 500 in the dust.

Source: @jessefelder, Deutsche Bank Research, @bopinion; Read full article


Credit: US oil companies show massive asset impairments.

Source: EIA


Food For Thought: The distribution of US COVID-19 diagnosis costs:

Source: @cynthiaccox, @nisha_kurani; Read full article

Edited by Daniel Moskovits

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