The Daily Shot Brief – July 6th, 2020



China: The government-backed China Securities Journal emphasized on Monday the need for a “healthy” bull market to support the recovery. Beijing’s proxies have been hitting social media in droves, echoing the phrase “bull market.” The stock market is up 10% over the past week.

Source: The Daily Shot

According to Markit, the nation’s service-sector activity is expanding at the fastest pace in a decade.

Source: The Daily Shot


United States: Let’s begin with the June employment report, which topped economists’ forecasts by a substantial margin.

Source: The Daily Shot

This chart shows where we are relative to previous recessions.

Source: @RyanDetrick


Commodities: Gold demand from ETFs topped consumer (jewelry) demand from China and India.

Source: @business; Read full article


Energy: Longview Economics expects oil supply deficits to continue throughout 2020 and into 2021.

Source: Longview Economics


Credit: Here is some data on corporate defaults.

Source: Fitch Ratings


Food For Thought: Coronavirus hot spots over time:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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