Greetings,
United States: Bloomberg’s consumer sentiment index continues to worsen (contradicting some other measures which show stabilization).
The buying climate deterioration has been more severe than personal finances, as consumers retreat and the savings rate climbs.
United Kingdom: The Bank of England is forecasting the worst yearly decline in the GDP in centuries.
Equities: This chart shows the S&P 500 forward P/E ratio with and without the tech mega-caps.
Credit: United Airlines is having trouble raising debt capital. Existing bonds are tumbling.
Global Developments: This chart shows the lockdowns’ impact on the global GDP (an estimate from Goldman Sachs).
Food for Thought: The percentage of time spent at home:
Edited by Daniel Moskovits
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