Greetings,
United States: This chart shows the percentage of shuttered small and medium-sized businesses across industries most impacted by the crisis.
The recovery has entered the slow (“pandemic”) phase, according to Moody’s Analytics.
Emerging Markets: Core inflation has decelerated across most of EM Asia, except India.
Equities: Retail traders are chasing ‘hot’ stocks.
Credit: The probability of default for industries most impacted by the pandemic has declined substantially.
Rates: Despite unprecedented levels of issuance this year, Treasury bills have not cheapened much.
Food For Thought: Increases in COVID-related deaths in select cities:
Edited by Daniel Moskovits
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