The Daily Shot Brief – July 1st, 2020



United States: At this point, over 40% of the population has seen reopening halted or reversed (2 charts).

Source: Goldman Sachs
Source: The New York Times; Read full article


China: The June Markit Manufacturing PMI report topped economists’ expectations. Factories are now firmly in growth mode.

Source: The Daily Shot


Energy: US energy CapEx is rebounding, according to Morgan Stanley.

Source: Morgan Stanley Research


Credit: This chart shows US corporate bond returns by rating

Source: CreditSights


Equities: This is the largest gap between the top and bottom S&P 500 valuation quintiles since the dot-com bubble.

Source: Goldman Sachs, @themarketear


Food For Thought: Slower reopening in some states:

Source: @Noahpinion, @bopinion; Read full article

Edited by Daniel Moskovits

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