Top 10 Macro/Financial Charts of the Week – w40

Junk bond market is on fire pic.twitter.com/Ohc39dhOJb

— zerohedge (@zerohedge) September 28, 2020

Investment grade bonds are slowly turning into junk bonds… ht (James Wong) pic.twitter.com/IdNYI3bKle

— jeroen blokland (@jsblokland) September 28, 2020

"Over the long run, bond yields are driven by demographics" https://t.co/iMGFaKFPsy pic.twitter.com/Y6rDRlkmhT

— Trevor Noren (@trevornoren) October 1, 2020

Interest rate volatility is at an all-time low:

In the past, such low volatility was followed by a sharp ramp higher and a stock market crash.

2007 all over again? pic.twitter.com/ZEP7vBNY6q

— SentimenTrader (@sentimentrader) October 2, 2020

Not All #Dividends Lost to Pandemic Will Return in the New Normal – Bloomberg
*Link: https://t.co/HGbUO4AVib pic.twitter.com/SuLl0Yb1h4

— Christophe Barraud (@C_Barraud) October 1, 2020

BofA: "The Sell Side Indicator, our measure of Wall St. bullishness on stocks, ticked up to 56% & is now back to pre-COVID levels" pic.twitter.com/0J95pRGpmN

— zerohedge (@zerohedge) October 1, 2020

The #Covid_19 pandemic helped fuel the worst third quarter on record for large corporate bankruptcies. 70 companies with more than $50 million in liabilities sought bankruptcy protection last quarter. That compares to the 76 in the prior quarter – Bloomberg data pic.twitter.com/KTENKhWPrS

— Christophe Barraud (@C_Barraud) October 2, 2020

Small caps, a big testament for the real shape of the economy.

Russell 2k to Nasdaq ratio is now near all-time lows.

About to retest the tech bubble levels.

The big difference this time:

Small caps already peaked 2 yrs ago.

They've been trending with lower highs since then. pic.twitter.com/SURxO2J6S8

— Otavio (Tavi) Costa (@TaviCosta) September 29, 2020

Similar perspective for all types of US equity investment funds vs listed companies pic.twitter.com/sEKZFAQwSf

— Callum Thomas (@Callum_Thomas) October 4, 2020

Average tax rates for the rich in the US have been cut massively over the last decades. New article on the rise of income and wealth inequality in America by @gabriel_zucman:

Paper: https://t.co/KzA53J6q9O pic.twitter.com/AfTCOvRmh5

— Philipp Heimberger (@heimbergecon) September 29, 2020