Top 5 Charts of the Day – August 31st 2020

A combination of the market capitalizations of the S&P 500 Information Technology Index, Amazon, Facebook and Google parent Alphabet — which are classified in other sectors — has surpassed that of Europe’s benchmark Stoxx 600 Index for the first time on record – Bloomberg pic.twitter.com/7JhuhgehHe

— Christophe Barraud (@C_Barraud) August 31, 2020

The combined market capitalization of the Wilshire 5000 Index now exceeds 190% of the $19.4 trillion value of U.S. GDP (2Q) – Bloomberg
*The ratio eclipses the previous high of 167% reached in March 2000. pic.twitter.com/EvgcXmq93D

— Christophe Barraud (@C_Barraud) August 31, 2020

… ain't over till the fat lady sings pic.twitter.com/oYbY3icZOS

— Teis Knuthsen (@TeisKnuthsen) August 31, 2020

Pandemic sends real yields (nominal yields-inflation) on corporate debt into negative territory: Low interest rates & mon stimulus drag down yields of high-quality bonds. Some fund managers will now seek out higher returns in riskier assets https://t.co/5G9m01mo9M HT @macrocredit pic.twitter.com/pmfNLjwUq5

— Holger Zschaepitz (@Schuldensuehner) August 31, 2020

$DXY momentum could be stabilizing – new lows are being accumulated with quick upside reversals.

Sellers seem unable to maintain control, and the wedge suggests time is running out.

Watching this closely as September begins – could have significant implications for Equities. pic.twitter.com/7sN3rbyFQ2

— Macro Charts (@MacroCharts) August 31, 2020