The Daily Shot Brief – June 7th, 2021

Greetings,

 

Canada: The BoC has funded nearly the entire budget deficit.

Source: @RichardDias_CFA

 

Europe: About a third of European bank credit is exposed to potential losses as a result of climate change.

Source: ECB

 

China: Credit spreads have tightened.

Source: @DavidInglesTV

 

Equities: Stocks most correlated with Treasuries (those that expect substantial earnings growth far in the future) trade at record premiums to the rest of the market.

Source: Empirical Research Partners, @RBAdvisors

 

Global Developments: Are the bets against the US dollar becoming stretched?

Source: Longview Economics

 

Food for Thought: The labor force participation gap by country:

Source: Moody’s Analytics

Edited by Richard Holmes

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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