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).

• 3 Jan, 2018

  Updating the Triangle

  Last year, I introduced my big picture framework of assessing the relative attractiveness of markets Inside the Triangle ...

• 19 Nov, 2015

  Fairy Tales

  The technology bubble of the late 1990s is a distant memory for most investors, and an ignorance for the rest. But back ...

• 20 Jun, 2023

  Beach Reading

  Most of you know that I don't favor romance novels for reading on the beach (or anywhere else, for that matter, although ...