Top 10 Macro/Financial Charts of the Week – w49
This is an astonishing chart by Deutsche Bank. The surge in #debt-to-#GDP level between Q4 2019 and Q3 2020 is just unprecedented. pic.twitter.com/NkgLs5lhqL
— jeroen blokland (@jsblokland) December 1, 2020
Bloomberg proxy of Global Money Supply also skyrocketed from March and kept rising in November. pic.twitter.com/dhRNOKZynC
— Christophe Barraud (@C_Barraud) December 3, 2020
And it’s official……..
Corporate bonds now yield less than inflation expectation for the first time in history.
BRRRRRRRRRRR……… pic.twitter.com/uuJsrkVSzY
— Otavio (Tavi) Costa (@TaviCosta) December 3, 2020
The stock market is deep in the bubble area, at least when measured by the #Buffett Indicator. The total market capitalization is equal to 115% of the total GDP, way ABOVE the 100% Buffett bubble threshold, and the highest figure since 2007. pic.twitter.com/0kGZY9LzOQ
— Holger Zschaepitz (@Schuldensuehner) December 6, 2020
9. Weird/wacky indicator… S&P500 vs avg hourly wages
"The average US worker must now work 141 hours to buy 1 share of S&P 500" (was 20 hours backintheday)
h/t @Schuldensuehner $SPX $MACRO pic.twitter.com/2nZXifzXWo
— Callum Thomas (@Callum_Thomas) December 5, 2020
Last week, U.S. options traders opened 94.8 million new equity and ETF contracts.
The smallest of traders buying call options – pure speculation – accounted for 20.5 million of those.
At 21.6% of total volume, that's a record high. pic.twitter.com/S3qO9lYtkA
— SentimenTrader (@sentimentrader) December 5, 2020
Total US call option volume. Biggest bubble of all time.
Enjoy! pic.twitter.com/DalT5tYkKQ
— RBA (@corptrader) December 4, 2020
These Five Charts Throw Cold Water on Chances of Santa Rally – Bloomberg
*Link: https://t.co/dO8G99AYm9 pic.twitter.com/KotUyFnhuO— Christophe Barraud (@C_Barraud) December 4, 2020
Late in the cycle, yield curve inversion tells you the economy is likely headed for recession…
But historically, it’s always been the steepening to watch out for.
There’s a big diff. (post inversion) between an 80bp & a 200bp+ rise.
Today we’re at a critical juncture. pic.twitter.com/GdaAAQ9yGb
— Julien Bittel, CFA (@BittelJulien) December 4, 2020
.@Grayscale Bitcoin Trust bought near 2 times total #BTC mined during Nov 2020. $BTC #BTC pic.twitter.com/GFJTwPR9Mk
— Coin98 Analytics (@Coin98Analytics) December 3, 2020