The Daily Shot Brief – May 14th, 2020



United States: Mortgage applications to purchase a home continue to rebound. The market has been remarkably resilient as buyers take advantage of low mortgage rates.

Source: The Daily Shot

Will mortgage rates move even lower?

Source: Piper Sandler


China: Foreign direct investment in the US tumbled from the 2016 peak. Cross-border VC transactions slowed as well.

Source: Rhodium Group; Read full article

Energy: Liquid fuel markets are expected to swing into deficit starting next quarter.

Source: EIA


Equities: Investors continue to shun companies with weak balance sheets.

Source: The Daily Shot

Stocks have decoupled from consumer sentiment.

Source: Morning Consult; Read full article


Rates: Jerome Powell poured cold water on negative rates.

Source: Reuters; Read full article

Nonetheless, traders see a scenario in which the Fed is forced to take rates into negative territory. Perhaps not this year, …

Source: The Daily Shot

but maybe in the first half of next year.

Source: The Daily Shot


Food for Thought: Many Americans who lost their jobs also lost health coverage.

Source: KFF, h/t @axios; Read full article

Edited by Daniel Moskovits

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