The Daily Shot Brief – October 22nd, 2020

Greetings,

 

Equities: Here is the correlation between the S&P 500 and the US GDP.

Source: Cornerstone Macro LLC

 

Credit: Despite elevated default risks, US CCC-rated corporate bond spreads are near pre-crisis levels.

Source: @lisaabramowicz1

 

Energy: Gasoline demand is weakening again.

Source: The Daily Shot

 

Eurozone: Italy’s new COVID cases exploded over the past couple of weeks.

Source: Pantheon Macroeconomics

 

United States: The World Economics SMI index, which measures the nation’s business activity, moved back into contraction territory this month.

Source: World Economics

Online searches across different sectors point to reduced activity.

Source: Arbor Research & Trading

 

Food For Thought: Total early votes so far this year:

Source: @ElectProject

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


Dear Friends,

The full-length Daily Shot® is now an independent ad-free publication (see TheDailyShot.com). Here is a sample newsletter.

Daily Shot Brief subscribers are eligible to receive the full-length Daily Shot for $115/year (a $20 discount).

To subscribe with this discount, you must register here (NOTE: The regular subscription page will not acknowledge this coupon).  The coupon number is DSB329075 (please click the “apply” button for the discount to take effect).

A monthly subscription is also available (here).

The Food for Thought section is available as a separate newsletter. You can sign up here.

Please note that The Daily Shot is not an investment newsletter and is not intended for broad distribution.

If you have any questions, please contact Lev.Borodovsky@TheDailyShot.com.

Sincerely,

Lev Borodovsky
Editor, The Daily Shot


Leave a Reply