United States: The declines in initial unemployment claims have stalled (the chart below is not seasonally adjusted).
Including the Pandemic Unemployment Assistance (PUA) claims, new filings are holding above two million per week.
China: The increase in local government bond issuance, coupled with fiscal and monetary stimulus, could bolster industrial production.
Energy: US shale firms have burned through a great deal of cash.
Equities: How long does it take for earnings-per-share to get back to peak levels?
Credit: Industrials’ credit quality has deteriorated.
Food For Thought: Views on DACA:
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 firstname.lastname@example.org.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com