There is striking divergence between social media mood (apocalyptic) and actual fund flows (and stock prices)
Source: www.zerohedge.com, JP
Nokia sold 437 million phones in 2007. And Apple sold 1.4 million iPhones. Apple will sell more than 220 million iPhones this year
Nokia sold 437 million phones in 2007. And Apple sold 1.4 million iPhones. Apple will sell more than 220 million iPhones this year. And Nokia no longer makes its own phones. Source: John Erlichman
Bullish sentiment on equities is getting even more bullish
Bullish sentiment on equities is getting even more bullish. Source: TME, Goldman Sachs
Over-optimistic sentiment can stay extended / “stretched” for long periods of time.
Over-optimistic sentiment can stay extended / “stretched” for long periods of time. Source: Goldman Sachs
These charts by Bank of America show that every single episode of a local peak in UST 2yr yield was followed by some risk-negative event over the past 40 years.
These #charts by Bank of America show that every single episode of a local peak in UST 2yr yield was followed by some risk-negative event over the past 40 years. Such episodes ranged from mild (Mexican peso crisis in Dec 1995; HY +95bp) to moderate (Asia FX crisis in Oct 1997; HY +350bp ) to severe (GFC; HY all-time wides). The lag between the peak in 2yr yield and subsequent event varies from just a couple of weeks to just over a year, with an average being 7 months. Source: BofA, www.zerohedge.com
New cobalt, copper, lithium and nickel mines needed
Per a McKinsey report, the current 500 cobalt, copper, lithium and nickel mines operating today will need to almost double to 900 in order to meet battery demand. Almost 80% increase in mines needed.
For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies
Source: Bloomberg, Michael Jackson
