The Daily Shot Brief – June 26th, 2020

Greetings,

 

United States: The declines in initial unemployment claims have stalled (the chart below is not seasonally adjusted).

Source: The Daily Shot

Including the Pandemic Unemployment Assistance (PUA) claims, new filings are holding above two million per week.

Source: @GregDaco

 

China: The increase in local government bond issuance, coupled with fiscal and monetary stimulus, could bolster industrial production.

Source: Fitch Solutions Macro Research

 

Energy: US shale firms have burned through a great deal of cash.

Source: @technology; Read full article

 

Equities: How long does it take for earnings-per-share to get back to peak levels?

Source: CIBC Capital Markets

 

Credit: Industrials’ credit quality has deteriorated.

Source: Credit Benchmark ; Read full article

 

Food For Thought: Views on DACA:

Source: Pew Research Center; Read full article

Edited by Daniel Moskovits

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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