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).

• 22 Oct, 2014

  Europe Falling

  Yes, pessimism over Europes prospects is high, and valuations in Europe are relatively low. But both for good ...

• 3 Nov, 2014

  It's a Big World

  With apologies to Walt Disney, the global economy is getting, well, more global, and, intuitively, companies' ...

• 26 Sep, 2025

  Beach Reading

  September is the best beach month in Southern California: the water is warm, the days are long, the crowds are gone. I ...