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).

• 16 Nov, 2017

  Hot As Hell

  Hell is hot, as everyone knows. Everyone knows this, but there really is no conclusive evidence: no eyewitness reports, ...

• 6 Jul, 2015

  ÏÏÎ

  I'm not sure why the pundits were predicting the Greeks would volunteer to walk meekly to their certain ruin, but the ...

• 3 Jan, 2018

  Updating the Triangle

  Last year, I introduced my big picture framework of assessing the relative attractiveness of markets Inside the Triangle ...