Greetings,
Equities: Goldman’s “reopening” index massively outperformed “stay at home” stocks last week.
Airlines got a boost from easing travel rules.
Credit: The US corporate debt-to-equity ratio is extraordinarily low (as the stock market continues to rally)..
Rates: TIPS yields (implied real rates) have climbed in recent days (which tends to be a negative for growth stocks).
Emerging Markets: Indian stocks continue to outperform (at the expense of China).
United States: What will be the economic impact of a government shutdown?
Food for Thought: What values parents hope to instill in their children:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
