The Daily Shot Brief – May 15th, 2020



United States: Weekly initial unemployment claims remain in the millions.

Source: The Daily Shot

24% of Americans who were employed in February applied for unemployment benefits since March 20th. Note that many did not qualify.

Source: @jc_econ


Equities: US stock market outperformance vs. the rest of the world continues to widen (see reasons in #4 here).

Source: The Daily Shot


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).

Source: Federal Reserve Bank of New York


Rates: Let’s continue with the Fed’s unprecedented measures. Total balance sheet (approaching $7 trillion) and weekly changes:

Source: The Daily Shot


Global Developments: Here’s central bank balance sheets as a percentage of GDP (2 charts).

Source: Oxford Economics
Source: Morgan Stanley Research


Food for Thought: Unemployment changes vs. incumbent’s margin in US presidential elections:

Source: Mehlman Castagnetti Rosen & Thomas

Edited by Daniel Moskovits

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