The Daily Shot Brief – July 24th, 2020


United States: Unemployment applications remain above 2 million per week.

Source: Oxford Economics

Here is the total number of Americans receiving jobless benefits (about 20% of the labor force).

Source: @wolfofwolfst; Read full article


Eurozone: The ECB’s asset purchases have been slowing.

Source: Barclays Research


China: The stock market rally has faded.

Source: The Daily Shot

China’s currency rebound has stalled as well.

Source: The Daily Shot


Rates: Inflation expectations continue to climb, even as Treasury yields are holding in place. As a result, real rates keep moving deeper into negative territory.

Source: Morgan Stanley Research


Global Developments:  Here is Goldman’s estimate of the global GDP trajectory and its regional components.

Source: Goldman Sachs


Food For Thought: The impact of US voter turnout on 2020 presidential elections:

Source: Moody’s Analytics

Edited by Daniel Moskovits

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