The Daily Shot Brief – June 9th, 2020

Greetings,

 

United States: Actual vs. reported unemployment (3 charts):

Source: @SteveRattner
Source: The New York Times; Read full article
Source: Statista

 

Eurozone: The ECB’s easing measures have boosted Italian bond prices, despite soaring government debt.

Source: @WSJGraphics; Read full article

 

China: Here are some closely-watched economic trends.

• Cement shipments:

Source: Morgan Stanley Research

 

• Car sales:

Source: Goldman Sachs

 

• Property sales:

Source: Morgan Stanley Research

 

Equities: The Nasdaq trading volume has spiked.

Source: @carlquintanilla

 

Rates: There has been a massive liquidity divergence between the NY Fed and other regional Fed banks, according to Pictet Wealth Management. (It’s the US version of TARGET2 imbalances).

Source: Thomas Costerg, Pictet Wealth Management

 

Food For Thought: Betting markets’ odds on the US Senate race:

Source: Danske Bank

Edited by Devon Lall

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