The Daily Shot Brief – October 8th, 2020



United States: Let’s begin with the FOMC minutes, which continued to show a dovish stance. Later this year, the Committee will debate if the pace of economic recovery warrants an increase in securities purchases. Fed officials have been increasingly focused on layoffs, which may guide their decision on quantitative easing.

Source: Arbor Research & Trading

For now, inflation is not the Fed’s primary concern.

Source: Arbor Research & Trading


Europe:  Swiss foreign exchange reserves are nearing 140% of the annualized GDP as the SNB tries to keep the franc from appreciating.

Source: The Daily Shot


Emerging Markets: Despite the recent rate hike, the Turkish lira keeps tumbling as capital outflows continue.

Source: The Daily Shot
Source: TS Lombard


Energy: This chart shows US electricity generation by major energy sources over time.

Source: BlackRock


Credit: Negative rating actions have been decreasing

Source: Moody’s Investors Service


Food For Thought: The recent changes in new US COVID cases appear to be inversely correlated with temperatures.

Source: JPMorgan, @carlquintanilla

Edited by Daniel Moskovits

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