The Daily Shot Brief – November 24th, 2020



Administrative Update

Please note that The Daily Shot will not be published on Thursday, Nov. 26th and Friday, Nov. 27th.


Equities: Stock futures are higher as Biden’s formal transition begins. Investors also breathed a sigh of relief on Yellen’s nomination for the Treasury Secretary (as opposed to Elizabeth Warren, for example).

Source: Reuters Read full article


Credit: Merrill Lynch private clients’ allocation to debt hit a new low.

Source: BofA Global Research


Rates: Fed officials seem to favor increasing the share of longer-dated Treasuries as part of QE. Will it be enough to keep the curve from steepening?

Source: ANZ Research


Energy: The front end of the Brent curve is in backwardation.

Source: Daily Shot


Emerging Markets: Analysts continue to upgrade EM corporate earnings forecasts.

Source: @markets Read full article


Food For Thought: Are US consumers spending more or less this holiday season?

Source: JungleScout Read full article


How much of the holiday shopping have US consumers completed?

Source: Morning Consult

Edited by Devon Lall

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