The Daily Shot Brief – July 31st, 2020


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

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