The Daily Shot Brief – March 26th, 2020



United States: Mortgage applications for home purchase fell last week. Further declines are expected.

Source: The Daily Shot

Refi activity slowed as well as mortgage rates rose (see chart).

Source: The Daily Shot


Eurozone: What portion of the GDP is operational, disrupted, or fully shut?

Source: Gavekal


Energy: US gasoline crack spreads went negative this week as demand collapses.

Source: @markets; Read full article


Equities: Quant funds have dramatically cut their exposure to the market.

Source: @financialtimes, h/t @LizAnnSonders; Read full article


Credit: Credit downgrades are accelerating.

Source: BofA Merrill Lynch Global Research, @TayTayLLP


Food for Thought: US box office proceeds:

Source: Gavekal

Edited by Daniel Moskovits

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