The Daily Shot Brief – June 4th, 2021



United States: Initial jobless claims continue to trend lower.

Source: Oxford Economics

Continuing claims are moving down as well, but there are still more than 15 million Americans receiving unemployment benefits.

Source: Piper Sandler

However, according to Oxford Economics, “roughly 4.1 million individuals will lose access to emergency unemployment benefits over the coming month” (an income cliff).

Source: @GregDaco


Eurozone: Real yield differentials with the US point to downside risks for the euro.

Source: @ISABELNET_SA, @SocGen_US, @DoejiStar


Emerging Markets: Will China’s slowing credit impulse put downward pressure on EM currencies?

Source: @macro_daily


Equities: Tech fund outflows in May were the worst since 2018.

Source: BofA Global Research


Global Developments: Currency markets’ implied volatility continues to drift lower.

Source: The Daily Shot


Food for Thought: Household wealth by generation:

Source: @chartrdaily

Edited by Daniel Moskovits

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