Great ICI-inspired chart showing three of the biggest trends in one shot:
active to passive, mutual fund to ETF and high cost to low cost. Active equity MFs have seen outflows every year for a decade equaling $2.3T (altho their aum still ok bc of bull mkt subsidy) via @JSeyff via Eric Balchunas / Bloomberg
The premium to buy a home vs. rent one has soared to 52%, the highest level ever recorded
Even in 2008, the premium to own peaked at 33%. Source: barchart
Perseverance
Source: Strati Georgopoulos
It’s not a disconnect between macro view and S&P 500, it’s simply Mag7 euphoria driving the divergence
S&P 493 is valued more in line with macro expectations. Source: BofA, Michel A.Arouet
Dassault Systemes trying to breakout resistance
Dassault Systemes (DSY FP) trying to break resistance 37.29. Recently false breakdown of October uptrend on probably a liquidity grab. Keep an eye. Source : Bloomberg
10-Year Bond Yields
USA 5.00% Greece 4.36% Source: Bloomberg, Lawrence McDonald
Here's a chart of gold in yen
Japan has been ahead of the curve when it comes to FIAT currency debasement and the way its currency is trading against gold is rather frightening with another huge ~10% new ATH move this month. Will other FIAT currencies follow the yen path? Source: Graddhy - Commodities TA+Cycles
Tweet by Lyn Alden -> "Egypt is currently dealing with a sovereign debt crisis. Multiple ratings downgrades, currency devaluation, working with the IMF, etc.
So, people buy stocks. The stocks are not doing well in dollar terms, but they're doing fine nominally.
