The Daily Shot Brief – March 30th, 2020



United States: Consumer delinquencies were picking up before the epidemic.

Source: Deutsche Bank Research

We are now going to see a spike in delinquency rates. Here is the Google search frequency for the phrase “can’t pay.”

Source: Google Trends

Households are starting to tap home equity lines of credit.

Source: The Daily Shot, FRED


China: Activity indicators continue to point to a gradual recovery.

Source: @WSJ; Read full article


Credit: The Fed’s decision to support the investment-grade (IG) corporate bond market resulted in the largest IG ETF (LQD) trading at a premium to NAV.

Source: @WSJ; Read full article


Rates: Previous QE programs have resulted in upward pressure on Treasury yields.

Source: BCA Research


Global Developments: Central banks continue to cut rates.

Source: HSBC, @TayTayLLP


Food for Thought: Tracking cell phones from one area on a beach in Florida fanning across the country:

Source: Daily Dot, h/t The Intersection/; Read full article

Edited by Daniel Moskovits

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