Greetings,
United States: Let’s start with the housing market. Mortgage applications to purchase a home are almost back to 2019 levels. It’s been an impressive rebound.
Shares of homebuilders have been outperforming since the market lows.
Eurozone: Consumer confidence bounced from the lows.
Energy: Crude oil inventories are finally declining.
The next charts show crude oil and refined product inventories in terms of days of supply.
Equities: Growth shares are still widening their outperformance vs. value.
Credit: As earnings tumble, the number of leveraged loans getting covenant relief hit a record high.
Food For Thought: Coronavirus impact on rural communities.
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
