Greetings,
The United States: The NFIB small business sentiment index hit a multi-year low last month.
The United Kingdom: Here is a summary of the local elections.
The Eurozone: Italy’s exports to China surged recently. This is mostly because of demand for a generic liver drug made in Italy that is rumored to prevent COVID-19, according to IIF. (2 charts)
Cryptocurrency: Crypto funds saw the third consecutive week of outflows.
Energy: Largest US energy companies are sitting on a lot of cash.
Equities: The stock-bond correlation is moving deeper into negative territory.
Credit: The Fed has never tested for a rate shock in the CCAR stress tests.
Food for Thought: Valuations of US sports franchises:
Edited by Josh Oldmixon
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
