The Daily Shot Brief – June 19th, 2020



United States: Initial jobless claims declined from last week, but the latest figure was above economists’ estimates.

Source: The Daily Shot

Continuing claims are holding above 18 million. The labor market is facing a long recovery.

Source: The Daily Shot


Eurozone: The demand for the latest tranche of TLTRO financing was remarkably strong (€1.3 trillion). When your central bank offers you a loan and pays you up to 1% in interest to take their money, it’s hard to refuse. It’s going to increase the ECB’s balance sheet and bank reserves significantly.

Source: @fwred
Source: @Isabel_Schnabel


China: The amount of delinquent short-term consumer debt keeps climbing.

Source: @WSJ; Read full article


Equities: Below is a summary of market valuation metrics.

Source: @ISABELNET_SA, @GoldmanSachs


Rates: The Fed’s balance sheet declined this week.

Source: The Daily Shot


Food For Thought: Views on police violence against the public:

Source: The Associated Press and NORC; Read full article

Edited by Daniel Moskovits

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