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).

• 16 Dec, 2025

  Fireside Reading

  As we approach the holiday season, I hope everyone has time to spend with family and friends, and a good book. Not ...

• 9 Dec, 2024

  Fireside Reading

  Seven selections for your winter reading, including my Book of the Year. May you have a warm and enchanting reading ...

• 15 Dec, 2014

  Europe Sputters, US Cruises

  Europe's unemployment rate is 11.5%. Europe is currently growing at less than 1%. A rule of thumb is that it takes ...