The Daily Shot Brief – March 18th, 2020



United States: Online search activity related to filing for unemployment has soared in recent days.

Source: Google Trends
Source: Google Trends


Asia-Pacific: Japan’s recession is deepening.

Source: Pantheon Macroeconomics


Energy: US crude oil dipped below $27/bbl while Brent is below $29. We are now near the 2016 lows.

Source: The Daily Shot


Separately, Germany has been slowing its investment in wind turbines.

Source: @WSJ; Read full article


Equities: Correlations are near extremes.

Source: BofAML, @TayTayLLP


The largest index ETF is registering substantial inflows. The demand could be coming from short-sellers who want to borrow the security (to short it).

Source: @markets; Read full article


Credit: The primary loan market has been essentially shuttered amid market volatility. Bids on institutional loans tanked.

Source: S&P Global Market Intelligence


Last week, Moody’s upgraded a relatively large amount of residential mortgage-backed securities (RMBS). The MBS market now has a reliable buyer – the Fed (see story).

Source: Moody’s Investors Service


Food for Thought: Is the spread of coronavirus in the US underestimated?

Source: Oxford Economics

Edited by Devon Lall

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