Greetings,
The United States: Household cash exceeds debt for the first time in 30 years.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/US-HH-debt-v-cash2204200353.png)
Economic data has been surprising to the upside in recent weeks, but leading indicators point to slowing economic growth.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/US-Leading-indicators-point-to-slowing-economic-growth2204200353.png)
Europe: Bund futures are experiencing the worst drawdown on record.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-Bund-drawdown2204200353.png)
Norway’s trade surplus has gone vertical as energy prices surged.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/EU-Norway-trade-balance2204200353.png)
Equities: The average S&P 500 stock has already experienced a bear market decline of at least 20%.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Avg-stock-bear2204200353.png)
Russia: Stocks show no signs of a rebound.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/EM-RU-EQ2204200353.png)
Global Developments: The IMF has downgraded its GDP projections.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/GL-IMF-Forecast2204200353.png)
Food for Thought: Lastly, let’s take a look at the recorded music industry revenues.
![The Daily Shot Brief – April 20th, 2022](https://thedailyshot.com/wp-content/uploads/VTT-Recording-music-industry-revenues2204200353.png)
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com