The Daily Shot Brief – July 23rd, 2020


United States: The Household Pulse Survey (from the Census Bureau) suggests that the labor market rebound peaked in mid-June and has been reversing since.

Source: @ernietedeschi, @uscensusbureau


Eurozone: Euro-area bond funds have been experiencing capital outflows since 2014.

Source: Goldman Sachs


Energy: The rebound in US gasoline demand is fading.

Source: The Daily Shot


Equities: The tech mega-cap outperformance has been impressive.

Source: @financialtimes; Read full article

The above trend shows up in the underperformance of the Nasdaq 100 equal-weight index.

h/t @LizAnnSonders


Rates: The highest real rates are now found in defensive currencies.

Source: BCA Research


Food For Thought: Restaurant closures:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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