The Daily Shot Brief – May 7th, 2020

Greetings,

 

United States: According to the ADP private payrolls report, nearly a decade worth of job gains have been wiped out in a month.

Source: Reuters; Read full article

Here is the distribution by sector.

Source: The Daily Shot

 

Eurozone: Here are some GDP forecasts for 2020 and 2021:

Source: European Commission; Read full article

 

Equities: Based on corporate earnings calls, financing concerns in April were worse than in 2008.

Source: Andrew Chen, Jie Yang (Federal Reserve Board); Read full article

 

Credit: CCC-rated bonds have widened their underperformance.

Source: BCA Research

 

Rates: Is the massive US debt issuance starting to weigh on the Treasury market?

Source: @WSJ; Read full article

 

Food for Thought: Long-term care users:

Source: Deutsche Bank Research

Edited by Daniel Moskovits

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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