Top 5 Charts of the Day – August 18th 2020
U.S. High-Grade Bond Sales Set Record, Reach $1.346 Trillion – Bloomberg
*Link: https://t.co/CLB5n9PcA2 pic.twitter.com/Q06ZQRqlHi— Christophe Barraud (@C_Barraud) August 18, 2020
#Europe’s Fading Rebound Turns V-Shape Recovery Into Bird Wing – Bloomberg
*High-frequency indicators signal slowdown as virus cases gain
*Return to pre-virus levels of activity won’t be any time soon
*Link: https://t.co/CzcO8OQiQp pic.twitter.com/MbxEVDt4A1— Christophe Barraud (@C_Barraud) August 18, 2020
Fund managers are flipping from thinking we’re in a recession to thinking we’re in the early stages of a fresh economic cycle, according to the BAML survey. pic.twitter.com/ugeevjepa2
— Tracy Alloway (@tracyalloway) August 18, 2020
G-4 central bank balance sheets have expanded nearly $5.7tn (16% of G-4 GDP) since February.
Asset purchases should increase G-4 balance sheets from $21.5tn (57% of GDP) now to nearly $27tn (67% of GDP) by end-2021. pic.twitter.com/Yb1rKBD9Pw
— Daniel Lacalle (@dlacalle_IA) August 17, 2020
Stocks have advanced a *massive* 68% of days over the last 3 Months.
More than 2 UP Days vs Down – among THE best conditions in 20+ years.
And just tied the JAN 2020 spike.
Historically, this led to some pretty bad outcomes – and *may* have just turned down again. Stay nimble. pic.twitter.com/SDCiklFt84
— Macro Charts (@MacroCharts) August 18, 2020