Greetings,
United States: The share of mortgages in forbearance keeps climbing. Will it peak this month?
Managing the economy with counter-cyclical fiscal and monetary policy has helped reduce the GDP volatility, according to BCA Research.
Energy: Traders have been rolling out of the June NYMEX crude contract into July much earlier than usual. Given what happened with the May futures, financial participants don’t want to hold the contract close to maturity.
Equities: The Short Interest Index is off the highs.
Credit: US lending standards appear to be correlated with VIX.
Global Developments: Airfreight supply has fallen faster than demand.
Food for Thought: Is your government doing a good job containing the pandemic?
Edited by Devon Lall
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
