Credit: Let’s begin with the Fed’s Senior Loan Officer Opinion Survey. Given the strength in the housing market, banks have been easing lending standards on mortgages.
Consumer credit demand (credit cards, auto loans, etc.) has rebounded.
Equities: A substantial increase in Treasury yields could pose a risk for growth stocks, especially the tech mega-caps. A successful vaccine rollout, for example, could be a catalyst for higher rates.
Europe: US crude oil inventories (absolute level) are back at the 5-year range.
Europe: The options market remains extremely bearish on the Norwegian Krone relative to history.
Global Developments: Global business activity expectations have improved.
Food For Thought: The latest pandemic uptrend:
Edited by Daniel Moskovits
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