The Daily Shot Brief – November 12th, 2020



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.

Source: FRB

Consumer credit demand (credit cards, auto loans, etc.) has rebounded.

Source: FRB


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.

Source: Alpine Macro


Europe: US crude oil inventories (absolute level) are back at the 5-year range.

Source: EIA


Europe: The options market remains extremely bearish on the Norwegian Krone relative to history.

Source: Morgan Stanley Research


Global Developments: Global business activity expectations have improved.

Source: IHS Markit


Food For Thought: The latest pandemic uptrend:

Source: @TheStalwart, @jonathanjlevin Read full article

Edited by Daniel Moskovits

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