Top 10 Macro/Financial Charts of the Week – w11 (2021)
The IHS Markit Global Business Outlook Survey – pointed to a notable improvement in business confidence.
*At +32%, up from +26% in October 2020, the business activity net balance indicated the strongest degree of optimism in three years ⚠
*Link: https://t.co/Yn0Z5rC0e3 pic.twitter.com/kFQelQ845Z— Christophe Barraud (@C_Barraud) March 18, 2021
Mobility has clearly improved based on latest Apple data.
*Link: https://t.co/XFeKIlqd2B pic.twitter.com/QgpzcQ22UN— Christophe Barraud (@C_Barraud) March 21, 2021
Goldman's global tension barometers: trade tensions have collapsed but have been replaced by geopolitics and technology pic.twitter.com/eHRwM6014t
— zerohedge (@zerohedge) March 20, 2021
The five-year Treasury breakeven inflation rate has surged above the comparable 10-year rate since Democrats won the U.S. Senate in January, taking the spread to the most negative levels on record in data stretching back to 2002 – Bloomberg pic.twitter.com/GHmppzOOkn
— Christophe Barraud (@C_Barraud) March 16, 2021
The longest duration Treasury bond ETF is now down over 30% from its high, approaching its largest drawdown ever (-32% in 2012-13). $ZROZ
Data via @ycharts pic.twitter.com/FihGIZC2rZ
— Charlie Bilello (@charliebilello) March 18, 2021
Bond Sentiment is extremely oversold – where Major bottoms formed.
The 21dma is at bottom 1.7% in history – watch for a turn UP at any moment.
A turn in Bonds would be very Bullish for Growth Stocks and Precious Metals/Miners – which have been quietly *basing* for weeks. pic.twitter.com/k60UlH6LEi
— Macro Charts (@MacroCharts) March 19, 2021
The already wide gap between household wealth and disposable personal income keeps getting wider. Went vertical in 2H last year to another record. #QE $SPX $NDX $RUT pic.twitter.com/MQSyZUmQ4m
— hedgopia (@hedgopia) March 17, 2021
Just to put things into perspective: The so-called 'Buffett Indicator' has hit another All-Time High. Global stocks now worth equal to 123.4% of global GDP, and so moving further and further into bubble territory. pic.twitter.com/h6gzRQPwPI
— Holger Zschaepitz (@Schuldensuehner) March 20, 2021
There were 25 IPOs (16 of them SPACs) and 24 secondaries this week. Corporate bond issuance was $129 bil the past 3 weeks. We've never seen anything like this… not even close.#everythingbubble pic.twitter.com/m3RgV0XxBO
— Kevin Duffy (@kevinduffy1929) March 20, 2021
This is now in play pic.twitter.com/PBiUFvcCCz
— zerohedge (@zerohedge) March 19, 2021