The Daily Shot Brief – June 24th, 2020



United States: According to Alpine Macro, stronger than expected retail sales in May were partly driven by a temporary boost in consumer incomes (in excess of savings).

Source: Alpine Macro


Eurozone: As we saw yesterday, the PMI reports showed marked improvement in business activity, especially in France.

Source: Yardeni Research


Equities: Globally, 80% of the markets trade with valuations in the upper quartile relative to historical averages.

Source: Longview Economics


Credit: Foreign firms are taking advantage of the Fed’s accommodative policy that boosted demand for dollar-denominated credit.

Source: @WSJ; Read full article


Rates: Nearly half of all banks in the Fed’s Senior Loan Officer Survey are seeing loan yields greater than the cost of funds. This is a result of a steepening yield curve.

Source: Pavilion Global Markets


Food For Thought: Which firms are most affected by H-1B visa restrictions?

Source: @Reuters, @dvdwyer; Read full article

Edited by Daniel Moskovits

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