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).

• 29 Oct, 2019

  Balance

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• 2 Apr, 2015

  California Dreamin'

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• 17 Feb, 2017

  Non-Zero Sum

  There are prominent voices (and tweets) urging us to pull back, dig in, and lock the gate. This rising chorus of ...