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).

• 14 Jan, 2020

  From the Kentucky Coal Mines to the California Sun

  Rupp Arena is one of the iconic venues for college basketball in the country. It is named for Adolph Rupp, the legendary ...

• 26 Jun, 2015

  More on Rates...

  A few days ago (Beginning's End) I suggested 2015 might turn out to be the worst year for bond investors in the past ...

• 5 May, 2015

  Feliz Cinco de Mayo!

  There will always be a debate about the relevance of history to current conditions. I am firmly in the pro-history camp, ...