Greetings,
Equities: The tech mega-cap stocks (FAANGM) now represent 24% of the S&P 500 market capitalization.
The portion of the market’s lofty valuations attributed to FAANGM keeps climbing.
Credit: The cost of debt capital for US investment-grade firms has never been this low.
The Fed’s recent actions invited quite a bit of capital into corporate bonds.
Rates: The interest rate currently paid by the US federal government is the lowest on record.
Energy: Brent is starting to move into backwardation.
Global Developments: Household savings increased around the world.
Food For Thought: Vacation plans:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief