FlowBank

1094 days ago

Small caps do a complete 180 - unwind all NFP gains

It was quite the change of fortune from Good Friday after the US jobs report versus Easter Monday, when almost all of Friday's moves were reversed. Is the US economic bounce-back now fully baked in?

#Stocks #Macro
Small caps do a complete 180 - unwind all NFP gains

1095 days ago

G7 Central Banks combined balance sheets keeps growing

Latest data showed G7 Central Banks (CBs) combined balance sheet (BS), converted in USD, kept rising in March 2021.

#Macro
G7 Central Banks combined balance sheets

1095 days ago

US inflation at 3% is the level which starts to hurt equity market valuations

This chart shows historical link between the level of US inflation and the S&P 500 CAPE valuation ratio (CAPE, Shiller P/E, or P/E 10 ratio, is a valuation measure usually applied to the US S&P 500 equity market. It is defined as price divided by the average of ten years of earnings, adjusted for inflation)

#Macro
US inflation vs. CAPE valuation ratio

1095 days ago

3 out of every 4 Americans aged 65+ have now been vaccinated. Over 80% of covid deaths have come from this age group.

Even if there is a 4th wave higher in cases (we've seen a slight move higher in last 2 weeks), we should not see a commensurate rise in hospitalizations/deaths. Source: Charlie Bilello

#Macro
Vaccination rate by age group in the US

1095 days ago

S&P Case-Shiller US National Home Price Index is up +76% since 2012

Source: Charlie Bilello 

#Macro
US National housing price index
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