The Daily Shot Brief – March 25th, 2020



United States: How severe are job losses in the US? Several economists expect the unemployment rate to hit levels not seen since the Great Depression – well above what we had in 2008.

Source: Piper Sandler

The spike in initial unemployment claims is expected to be unprecedented.

Source: Economic Policy Institute


Eurozone: Based on online search data, the Eurozone’s consumer activity outside of Italy is collapsing.

Source: Arbor Research & Trading


Equities: The put-call ratio is near extreme levels.

Source: Alpine Macro


Credit:The Fed’s latest policy measures helped investment-grade bond ETFs recover some of the discount to NAV. But that’s not the case for high-yield ETFs.

Source: Arbor Research & Trading


Global Developments: There is quite a bit of dollar-denominated debt out there. The latest US dollar rally has been a headache for non-US borrowers.

Source: IIF


Food for Thought: Extreme weather events:

Source: JP Morgan Securities, @GreenRupertRead, @TayTayLLP

Edited by Daniel Moskovits

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