The Daily Shot Brief – June 12th, 2020



Credit: US corporate debt is approaching 50% of GDP, a new record. While this chart is through Q1, the ratio likely climbed further in the current quarter.

Source: The Daily Shot

The share of US companies whose debt service costs exceed profits continues to rise.

Source: Deutsche Bank Research


Equities: News stories mentioning “Robinhood” have surpassed those containing the word “Vanguard.” Day-trading has become extremely popular.

Source: @EricBalchunas


Rates: The Fed’s purchases of Treasury securities have slowed to pre-pandemic levels. Of course, the central bank was buying only bills before the crisis, but now it targets debt across the curve.

Source: The Daily Shot


United States: The FOMC does not expect the unemployment rate to return to pre-crisis lows for years.

Source: @WSJ; Read full article

As discussed previously, the US unemployment rate calculations are not very reliable at this point.

Source: @WSJ; Read full article


Global Developments: The 2020 GDP hit (“double-hit scenario” represents a second wave of the COVID-19 pandemic):

Source: @markets; Read full article


Food For Thought: Monthly changes in US food prices:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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