Greetings,
United States: Weekly initial unemployment claims remain in the millions.
24% of Americans who were employed in February applied for unemployment benefits since March 20th. Note that many did not qualify.
Equities: US stock market outperformance vs. the rest of the world continues to widen (see reasons in #4 here).
Credit: In the first quarter, student loans still had the highest delinquency rates, but credit cards were not far behind (and will likely overtake student debt this year).
Rates: Let’s continue with the Fed’s unprecedented measures. Total balance sheet (approaching $7 trillion) and weekly changes:
Global Developments: Here’s central bank balance sheets as a percentage of GDP (2 charts).
Food for Thought: Unemployment changes vs. incumbent’s margin in US presidential elections:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief
