The Daily Shot Brief – September 21st, 2020

Greetings,

 

United States: Consumer sentiment edged up this month, with the U. Michigan index topping forecasts.

Source: The Daily Shot
Source: The Daily Shot

Expectations of business conditions improved.

Source: The Daily Shot

 

Eurozone: The recent decline in service inflation was driven by travel-related sectors, the impact of which is likely to be transient.

Source: @OliverRakau

 

Europe: European banks’ underperformance has accelerated (nearly 30% year-to-date).

Source: The Daily Shot

 

China: According to BCA Research, “Chinese households have added a total of 8.3 trillion yuan to their bank deposits so far this year, or about 8% of China’s 2019 national output.”

Source: BCA Research

 

Equities: The S&P 500 closed below its 50-day moving average.

Source: The Daily Shot

Call option volumes remain elevated.

Source: Goldman Sachs, @markets Read full article

 

Food For Thought: Changes in drug use since the start of the pandemic:

Source: The Economist Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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