The Daily Shot Brief – October 19th, 2020

Greetings,

 

United States: Consumer sentiment is grinding higher.

Source: The Daily Shot

 

Eurozone: Eurozone sovereign yields have been drifting lower.

Source: The Daily Shot

 

Emerging Markets: The black-market Argentine peso discount to the official exchange rate continues to widen.

Source: @WSJ Read full article

Demand for US dollars keeps climbing.

Source: @markets Read full article

 

Equities: Increased retail activity boosted demand for low-price stocks.

Source: @WSJ Read full article

 

Credit: Implied volatility in Treasuries remains elevated relative to stocks ahead of the election. The bet is that Democrats will increase spending sharply via another massive stimulus bill. That’s good for stocks but not for bonds.

Source: @markets Read full article

 

Food For Thought: Joe Biden’s proposed spending initiatives:

Source: LPL Research

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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