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).

• 18 Aug, 2020

  Disconnect: How Can Markets Be At All-Time Highs When the World Around Us Is Collapsing?

  Answer: Markets reflect the dynamism and adaptability of private companies, not geopolitical events or socioeconomic ...

• 11 Nov, 2014

  Logistics

  Not enough attention is being paid to the work slowdown/stoppage going on at West Coast ports.The last time there was a ...

• 18 Dec, 2019

  Fireside Reading

  To sit near a warm fire in a comfortable chair on a cold night is one of life's pleasures that I hope you will be able ...