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).

• 26 Jun, 2015

  More on Rates...

  A few days ago (Beginning's End) I suggested 2015 might turn out to be the worst year for bond investors in the past ...

• 2 Oct, 2015

  Ursa Minor

  The bears are stirring. Not yet rampaging, but there's a lot of red ink across most markets.Today's jobs report was ...

• 6 Jul, 2015

  ÏÏÎ

  I'm not sure why the pundits were predicting the Greeks would volunteer to walk meekly to their certain ruin, but the ...