Reminiscence of 1987 crash?
Carl Quintanilla posted: “When I started in the business in 1987,” reminisces Steve Sosnick of Interactive Brokers, “bonds were mired in a bear market for most of the year while stocks rallied sharply. Until, of course, that reversed ..” John Authers Comparison for bond yields bear a scarily unwelcome resemblance to 36 years ago -> Source chart: Bloomberg
New home buyers in the US
Source: Michel A. Gayed
Bloomberg on the status of US "excess pandemic savings."
Source: Bloomberg
Tesla dominance in the US electric vehicle market
Source: Vital Knowledge Media
The longest time period chart on US interest rates you will ever find...
Source: BofA
Humility
Source: Strati Georgopoulos
The "maddest macro chart I have seen for many years." by Albert Edwards (SocGen)
"The US corporate sector is a massive net borrower. Normally when interest rates rise, so too do net debt payments, squeezing profit margins and slowing the economy. BUT NOT THIS TIME. Corporate net interest payments have instead collapsed. What on earth is going on?" asked Edwards "This chart not only explain the resilience of corporate profits, but is a key reason why this recession has been delayed – especially as companies in aggregate are now a net beneficiary of higher rates (NB: this is mainly explained by mega-caps as most of the other companies are in big trouble). Source: SocGen, www.zerohedge.com
A soft landing of the US economy is indeed a consensus view but it is starting to gain attraction following the lates job market reports (JOLTs, ADP, et.c)
Source: Hedgeye
