Top 10 Macro/Financial Charts of the Week – w10 (2021)

The equity exposure of US households has reached a record- high! (chart J.P.Morgan) pic.twitter.com/arrpHJaCoG

— jeroen blokland (@jsblokland) March 12, 2021

Rise of the retail army: the amateur traders transforming markets – FT
*Link: https://t.co/0IWmES1Kkq pic.twitter.com/9tmXxP7ZFT

— Christophe Barraud (@C_Barraud) March 9, 2021

If, as expected, even a small portion of the total stimulus funds find their way into equities, we could see some truly remarkable numbers:https://t.co/iTWcwqr9F1 pic.twitter.com/pXpRN4YyXx

— Babak (@TN) March 9, 2021

The 6 FANMAG stocks went from 14% of SPX earnings in 2019 to 25% in 2020. That's probably going to partially reverse in 2021. Median FANMAG est. is +19% (great in a normal year!) vs. +44% for SPX.
Growth's EPS tailwind in 2020 is a headwind in 2021. pic.twitter.com/3TXLYB4SgJ

— Ed Clissold (@edclissold) March 10, 2021

#SPX | During the 13 periods since the 1960s (lasting about 27 months on average) in which the 10-year yield increased at least 1 1/2 percentage points, the S&P 500 recorded an average gain of 15% even though it fell three times – Bloomberg pic.twitter.com/z8FEfIC7BQ

— Christophe Barraud (@C_Barraud) March 10, 2021

How much can value outperform growth? A lot… pic.twitter.com/zXUWooQPCU

— zerohedge (@zerohedge) March 13, 2021

value vs momentum correlation pic.twitter.com/b0OJdW63du

— zerohedge (@zerohedge) March 11, 2021

One of my favorite charts: Sensitivity of Tech to real yields has increased, meaning: key market risk going forward: spikes in yields! (via JPM) pic.twitter.com/BktrjD3bE5

— Holger Zschaepitz (@Schuldensuehner) March 13, 2021

There’s lots of calls for further steepening, but in the short-term, futures suggest that lots of institutions are already priced for it.

(Did CTAs exaccerbate recent sell-offs?) pic.twitter.com/IDroIvuiby

— Corey Hoffstein ‍☠️ (@choffstein) March 13, 2021

Chase card spending tracker edging up through March 8 – JPM pic.twitter.com/ocUAju3V1B

— Sam Ro (@SamRo) March 12, 2021