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).

• 2 Jun, 2017

  Job Growth is Falling. The Sky is Not.

  Today's jobs report was disappointing: only 138,000 net new jobs created in May (the consensus had it pegged at ...

• 13 Dec, 2016

  Shock, Part 3 (The End of Pax Americana)

  We are all trying to make sense of the election of Donald J. Trump to the presidency, and a few weeks ago I outlined the ...

• 16 Oct, 2014

  Consider

  Consider:Volatility spiked to its highest level in over 2 years.Global equities are in negative territory this year, led ...