The Daily Shot Brief – July 31st, 2020

Greetings,

United States: Uncertainty around growth in the second half of the year remains elevated. Without more stimulus, personal incomes will crater, and consumer spending will follow, according to Alpine Macro.

Source: Alpine Macro

And there is work to be done to get to an agreement on the stimulus package.

Source: The New York Times; Read full article

 

Commodities: Assets under management at the largest gold ETF (GLD) hit a record high.

Source: The Daily Shot

 

Equities: The market was impressed with what it heard from the tech mega-cap firms after the close, pushing shares sharply higher. Here is the Nasdaq 100 ETF (QQQ).

Source: Google

Except for tech, buybacks have become a thing of the past in the age of COVID.

Source: Deutsche Bank Research

 

Rates: The Fed has put Treasury purchases on autopilot.

Source: The Daily Shot

 

Global Developments: It’s been a rough month for the US dollar.

Source: The Daily Shot

 

Food For Thought: Worker density by sector:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

Leave a Reply