The Daily Shot Brief – March 23rd, 2020



United States: How big of a GDP decline should we expect in the second quarter? Projections vary. Below is the distribution of forecasts tracked by Bloomberg (some haven’t been updated yet).

Source: @TheTerminal

Here is JP Morgan’s forecast.

Source: @markets; Read full article

And then there is Morgan Stanley.

Source: @markets; Read full article


Eurozone: Germany seems to be following Italy’s coronavirus trajectory.

Source: Commerzbank Research


Emerging Markets: Global investors are rapidly exiting EM bond markets.

Source: Deutsche Bank Research


Energy: The Brent curve is moving deeper into contango.

Source: The Daily Shot


Equities: Defensives relative to cyclicals have peaked five times in the past 25 years – and have signaled market lows, according to Stifel.

Source: Stifel


Food for Thought: Pantry items sales:

Source: The New York Times, h/t The Intersection/Echelon Insights; Read full article

Edited by Daniel Moskovits

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