Greetings,
Credit: US aggregate lending standards haven’t been this easy since 2005.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/US-Composite-lending-standards2107220435.png)
Equities: Ivy League endowments continue to boost their US equity exposure.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Ivy-league-endowments-EQ-exposure2107220435.png)
Cryptocurrency: Our friend Elon returned to pump Bitcoin.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/BT-SpaceX2107220435.png)
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/BT-BT2107220435.png)
China: Evergrande’s bond price tumbled below 50c on the dollar as Hong Kong banks pull back financing.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/CH-Evergrande-ST2107220435.png)
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/CH-Evergrande-bond-price-drops-below-50c-on-the-dollar2107220435.png)
Eurozone: Let’s start with ING’s scenario analysis for the ECB and the impact on the euro.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EZ-ECB-Scenario2107220435.png)
While the Fed actively seeks an overshoot of inflation to make up for its past misses under its new policy framework, the ECB will merely tolerate a moderate overshoot above 2%, according to BlackRock.
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/GL-CPI2107220435.png)
Food for Thought: Vaccination status vs. death rates, by state:
![The Daily Shot Brief – July 22nd, 2021](https://thedailyshot.com/wp-content/uploads/VTH-AAA-Vaccination-status-v-death-rates2107220435.png)
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com