Selected Fun Facts

Some fun facts about this year (courtesy Michael Hartnett of Merrill Lynch):

• US equities (+14%) are ahead of European equities (-6%) by the widest margin since 1976.
• US large cap is beating US small cap by 950 bps, the most since 1998.
• 50% of all government bonds globally yield less than 1%.
  • Notable exception: Venezuela US$-denominated bonds yield 22%.
• Apple’s market cap ($662 billion) is one-third greater than all Eurozone banks combined, and nearly as large as every listed company in Latin America ($695 billion).

• 9 Feb, 2015

  Where Have All the Bonds Gone?

  Apologies to Pete Seeger for stealing his song lyric, but I think bonds and flowers are sufficiently different that he ...

• 8 Jan, 2015

  Weighty

  Among new year resolutions, losing weight tops the list for the majority of Americans. Actually, I made up that ...

• 4 Feb, 2019

  Only the Lonely

  My first impression when flying into Mexico City a few weeks ago was its vastness. From the air, the city seems to ...