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).

• 28 Jun, 2016

  Rupture

  [nota bene: this is a long one; if you dont have time, just skip to the summary at the end. I promise, no hard ...

• 28 Sep, 2016

  Janet Yellen Is Your Friend

  I have not met Janet Yellen, but she seems like a perfectly friendly person. Yet, for some reason, investors seem to ...

• 17 Oct, 2014

  Shades of 2007?

  Nice graphic in today's FT showing the spike in vol and sell-off in risk (Greek bond yields jumped from 5.5% to 9% in ...