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).

• 20 Aug, 2015

  Land of Borat

  I probably should not confess to enjoying Borat (full title:ÂBorat: Cultural Learnings of America for Make Benefit ...

• 16 Oct, 2014

  Old Age

  Its been 3 years since US equities have corrected more than 10%. But theres no law about how long rallies can last ...

• 29 May, 2020

  Sunrise or Sunset: Thoughts on a Post-Pandemic World (Part 2)

  In Part 1 ...