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 May, 2015

  Yasou!

  Let me stipulate up-front: I love Greece. Everything about it: the food, the weather, the history, the music, the ...

• 15 Jan, 2015

  Swiss Cheese

  Back in 2011, as talk of the Eurozone disintegrating was at high pitch, investors fled to the perceived safety of the ...

• 28 Jan, 2026

  Fireside Reading

  With most of the country confined to home by snow and ice, I thought you might appreciate some more book recommendations ...