The Daily Shot Brief – March 12th, 2020



Credit: As we mentioned a few days ago (#5 here), the muni market looked frothy. High-yield muni bonds seemed particularly vulnerable. Well, the market finally cracked.

Source: The Daily Shot

Here is the ratio of AAA muni yields to the 10yr Treasury.

Source: The Daily Shot


Equities: The share of S&P 500 stocks trading above their 200-day moving average dipped below 15%.

Source: The Daily Shot


China: Is China on track to see its first day of zero new infections?

Source: ANZ Research


Eurozone: Here is the supply of hospital beds in Europe.

Source: @business; Read full article


United States: The market now expects the Federal Reserve to take rates below 0.1% this summer. Is the fed funds rate headed for zero again?

Source: The Daily Shot


Food for Thought: Social distancing:

Source: Tomas Pueyo; Read full article

Edited by Daniel Moskovits

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