The Daily Shot Brief – March 2nd, 2020



Equities: Last week’s increase in VIX was one of the largest in recent history.

Source: The Daily Shot

The VIX curve backwardation was also unusually large. Here is the spread between VIX (1-month vol) and VXV (3-month vol).

Source: The Daily Shot


Commodities: Gold has decoupled from Treasuries.

Source: The Daily Shot
Source: The Daily Shot


China: As we saw in the World Economics SMI report from a few days ago (here), China’s business activity tumbled in February.

Source: The Daily Shot


United Kingdom: The UK financial conditions haven’t tightened as much as they did in other economies.

Source: Pantheon Macroeconomics


Global Developments: The percentage of debt with negative yields climbed again last week.

Source: Deutsche Bank Research


Food for Thought: The share of workers who are union members:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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