Greetings,
Canada: The BoC has funded nearly the entire budget deficit.
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/CA-BOC-Deficit2106070428.png)
Europe: About a third of European bank credit is exposed to potential losses as a result of climate change.
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/EU-Bank-credit2106070428.png)
China: Credit spreads have tightened.
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/CH-Credit-Tight2106070428.png)
Equities: Stocks most correlated with Treasuries (those that expect substantial earnings growth far in the future) trade at record premiums to the rest of the market.
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Stocks-correlated-with-Treas-overvalued2106070428.png)
Global Developments: Are the bets against the US dollar becoming stretched?
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/GL-AAA-DXY-Specs2106070428.png)
Food for Thought: The labor force participation gap by country:
![The Daily Shot Brief – June 7th, 2021](https://thedailyshot.com/wp-content/uploads/VTW-Labor-force-participation-labor-gap2106070428.png)
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com