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).

• 15 Dec, 2014

  Europe Sputters, US Cruises

  Europe's unemployment rate is 11.5%. Europe is currently growing at less than 1%. A rule of thumb is that it takes ...

• 20 Nov, 2015

  Under My Thumb

  As Mick Jagger sang (screeched?) 50 years ago. The song was about turning the tables on a domineering woman (The girl ...

• 19 Feb, 2015

  Diversify

  Each year for clients we update a very colorful graphic ranking the annual performance of various asset classes. Each ...