The Daily Shot Brief – October 17th, 2019



The United States: Mortgage applications for house purchases remain at multi-year highs.

Source: The Daily Shot


Mortgage refinancing activity is also elevated.

Source: The Daily Shot


United Kingdom: Shares of businesses focused primarily on the UK have become highly correlated to the pound.

Source: The Daily Shot

According to Goldman’s policy proxy, China’s fiscal policy has accounted for a large part of recent easing.

Source: Goldman Sachs


Equities: Historically, equities started to struggle after the spread between US 10-year and 3-month yields returns to positive territory.

Source: Capital Economics


Rates: The Fed is expected to continue purchasing Treasury bills after the initial ramp-up to boost reserves. It will need to do so just to maintain stability in reserve balances.

Source: Capital Economics


Food for Thought: Cities with the highest mortgage application denial rates:

Source: LendingTree; Read full article

Edited by Daniel Moskovits

To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.

If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.

The Daily Shot Premium is also available online at

If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to

Contact the Daily Shot Editor:


Leave a Reply