The Daily Shot Brief – July 30th, 2020


United States: The Federal Reserve left policy unchanged as it monitors the virus spread. It will be some time before the labor market recovery warrants a rate hike.

Source: Piper Sandler

In fact, the market continues to price in the possibility of negative rates next year.

Source: Piper Sandler

The US dollar declined further in response to the Fed’s cautious stance.

Source: @TheTerminal, @Schuldensuehner


Eurozone: Goldman Sachs expects the Eurozone’s economy to outperform next year.

Source: Goldman Sachs


Energy: The reduction in gasoline stockpiles has stalled (2nd panel).

Source: EIA


Rates: Long-term market-based inflation expectations continue to climb.

Source: The Daily Shot


Global Developments: This chart shows returns by asset class year-to-date. So far, only sovereign debt is up across the board.

Source: Deutsche Bank Research


Food For Thought: Most valuable brands in 2020:

Source: Statista

Edited by Daniel Moskovits

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