Annualized Total Returns over the last 7 years...
US Stocks: +8.8% US Bonds: -0.3% US 60/40: +5.4% Source: Charlie Bilello
The negative bonds world is gone, with also a Japanese bond maturing in 24 trading at 0% yesterday
Source: From Macro to Micro
Feed a family of 5 (hamburger, fries, shake) for $2.25 in June 1961
BLS CPI calculator says that's same as $23.24 today... Inflation calculator -> Source: Rudy Havenstein
While there are reasons to turn tactically bullish on long dated US Treasuries ->
Let's not forget that Treasury supply (at the time of QT and waning demand stemming from China, Saudi and the likes) remains a headwind for the bond market
The end of the rate hikes is typically followed by plateaus before rate cuts begin
The end of the rate hikes may not be here yet, and the Fed has already said a many times for months that the plateau is going to be “higher for longer". How long will the plateau be this time? Source: Wolfstreet
It took 20 years for US interest payments to reach 4.5% of GDP in the 1970s and 80s
Today, achieving the same level will take less than 3 years. This starkly highlights the speed of the rise in Treasury yields and the magnitude of the debt problem. Source: Tavi Costa, Bloomberg
Geberit rebounds after earnings
Geberit (GEBN SW) is rebounding strongly after earnings. Stock is up 8% today and more than 12% since October low. Keep an eye at next resistance zone 468.80-476 represented by February downtrend resistance. Source : Bloomberg
JP Morgan Asset class and style returns by year + October returns
Despite a pullback in October, Growth stocks continue to lead in 2023 by a big margin
