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).

• 5 Dec, 2014

  Labor Market

  Oh, this was a strong report this morning, on every level:321,000 net new jobs in November.10 consecutive months of ...

• 8 Jun, 2015

  June Gloom Will Fade

  1024"June gloom" is what you get when a warming land mass meets a cooler ocean: a layer of marine fog that the sun burns ...

• 26 May, 2015

  Long Term

  In much of life, certainty dissipates with time. Weather forecasts are pretty accurate over the next 24 hours, a little ...