Top 10 Macro/Financial Charts of the Week – w18 (2022)

🌎 #XBT #BTC | The 40-day correlation between #Bitcoin and #Nasdaq reached a record of 84% on Friday, Bloomberg data show. pic.twitter.com/EPKdyNZAmK

— Christophe Barraud🛢🐳 (@C_Barraud) May 7, 2022

Recall, the correlation coefficient between #Bitcoin & $IGV over the past 200 days (roughly since October 2021) is at 0.93!

No other asset has a higher correlation over that time period.

BTC vs. $ETH = 0.93
BTC vs. $SPX = 0.63
BTC vs. $NDX = 0.74 pic.twitter.com/CfptZ1fZPN

— Caleb Franzen (@CalebFranzen) May 6, 2022

Here’s a table of Nasdaq bear markets (20%+ declines with no 20%+ rallies in between). This bear is at -24% and 168 days long. Notice anything? https://t.co/9KLfSKo0BH pic.twitter.com/YaYHl6WcVY

— Bespoke (@bespokeinvest) May 7, 2022

The longest duration bond ETF is now down over 41% from its high, more than 3x the current drawdown in the S&P 500 (-13%).$ZROZ $SPY

Charting via @ycharts pic.twitter.com/wj9fOrRlzu

— Charlie Bilello (@charliebilello) May 5, 2022

🇺🇸 It confirms that excess savings (accumulated during the Covid crisis) among many working- and middle-class households were exhausted.
➡ This trend is not sustainable implying that household consumption will normalize ⬇ soon (especially with ⬆ rates).https://t.co/VrT08jk6gy

— Christophe Barraud🛢🐳 (@C_Barraud) May 7, 2022

🇺🇸 #Housing | Rising #mortgage rates force US homebuyers to stretch their budgets – FT
*Link: https://t.co/tJn6nssvud pic.twitter.com/hiFVQo2t5J

— Christophe Barraud🛢🐳 (@C_Barraud) May 6, 2022

From the @wsj. pic.twitter.com/5UTJiW6HCy

— Mohamed A. El-Erian (@elerianm) May 7, 2022

Diesel is the workhorse of the global economy. It’s used everywhere to keep trucks, tractors, freight trains and factories moving.

Its ubiquity means the increase in its price will exacerbate global inflationary pressures https://t.co/hhcTJxYJ7C pic.twitter.com/SJqh3ww1DB

— Bloomberg Opinion (@bopinion) May 7, 2022

Fertilizer prices at all-time highs pic.twitter.com/w8GicjSNuI

— Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 6, 2022

🌎 #Food Prices Hold Near Record as Ukraine War Upends Trade – Bloomberg
*Link: https://t.co/vhOBrWWIsA pic.twitter.com/nTeUHzZAOm

— Christophe Barraud🛢🐳 (@C_Barraud) May 6, 2022