The Daily Shot Brief – March 1st, 2021

Greetings,

 

United States: Personal incomes rose sharply in January, boosted by one-time government checks and elevated unemployment payments (2 charts).

Source: The Daily Shot
Source: The Daily Shot

The savings rate jumped.

Source: The Daily Shot

 

Eurozone: Will the ECB allow yield curve steepening that occurred in the US?

Source: Pantheon Macroeconomics

 

Emerging Markets: Higher soybean prices should help Argentina’s recovery.

Source: @SergiLanauIIF

 

Cryptocurrencies: Robinhood now has millions of crypto traders.

Source: Robinhood

 

Equities: Higher real rates point to declines in the S&P 500 forward P/E ratio (either better earnings or lower stock prices).

Source: Macrobond and Nordea

 

Food For Thought: Trust in traditional media:

Source: @axios Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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