The Daily Shot Brief – June 22nd, 2020



Equities: The tech mega-cap stocks (FAANGM) now represent 24% of the S&P 500 market capitalization.

Source: Yardeni Research

The portion of the market’s lofty valuations attributed to FAANGM keeps climbing.

Source: Yardeni Research


Credit: The cost of debt capital for US investment-grade firms has never been this low.

Source: The Daily Shot

The Fed’s recent actions invited quite a bit of capital into corporate bonds.

Source: BofA Merrill Lynch Global Research


Rates: The interest rate currently paid by the US federal government is the lowest on record.

h/t @mccormickliz


Energy: Brent is starting to move into backwardation.

h/t Andrew Janes


Global Developments: Household savings increased around the world.

Source: Oxford Economics


Food For Thought: Vacation plans:

Source: @CivicScience; Read full article

Edited by Daniel Moskovits

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