The Daily Shot Brief – September 11th, 2020



United States: The latest weakness in the US dollar has been good for smaller US manufacturers by helping them compete on price. Smaller industrial firms have outperformed (the equal-weight stock index below gives smaller industrial firms more weight).


Source: The Daily Shot
Source: The Daily Shot

Since we are on the topic of currencies, the dollar-yen volatility market is pricing in a substantial US election risk (2-month – 1-month vol spread).

Source: @vkaramanis_fx, @TheTerminal, Bloomberg Finance L.P.


United Kingdom: The no-deal Brexit risk continues to rise.

Source: The New York Times Read full article

The pound remains under pressure.

Source: The Daily Shot


China: Investors are getting nervous about China’s tech stocks.

Source: @markets Read full article


Energy: This chart shows US crude oil and gasoline demand, measured in days of supply.

Source: EIA


Equities: This chart shows momentum and relative strength of sectors versus the S&P 500.

Source: BofA Securities


Food For Thought: World Trade Center-related FDNY deaths by year:

Source: Statista

Today’s edition of The Daily Shot Brief is dedicated to all the men and women who lost their lives on 9/11.

Have a great weekend.

Edited by Daniel Moskovits

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