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 Dec, 2017

  (Not) Recommended Reading

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• 31 Jan, 2021

  Stop the Game!

  Jesse Livermore was a legendary stock trader of the early 20th century. Mere rumors of his involvement in a stock could ...

• 23 Dec, 2014

  GDP

  Normally, I wouldn't comment on any single economic release, but today's GDP revision adds to the mounting evidence of a ...