Top 5 Charts of the Day – August 4th 2020

The month’s 32 total filings for #Brankruptcy (Cos with liabilities > $50M) brought the annual figure to 160, the highest seven-month tally since the financial crisis – Bloomberg pic.twitter.com/68oVaiPtsh

— Christophe Barraud (@C_Barraud) August 3, 2020

The gap between the yield on the Bloomberg Barclays Corporate #Bond Index and the dividend yield for the #SPX was close to 0 at the end of last week, according to data compiled by Bloomberg. pic.twitter.com/OdqX8gzcJi

— Christophe Barraud (@C_Barraud) August 3, 2020

The Big Five indexes continue to build a major divergence.

It's been 2 months since the majority of Stocks peaked – a divergence bigger than the February top.

Tech may drive everything for now, but if this rally doesn't broaden out soon, Stocks risk falling on their own weight. pic.twitter.com/QniLgUJQS8

— Macro Charts (@MacroCharts) August 4, 2020

The market cap of the FAANGM tech stocks is now 0.6% higher than the combined market cap of the Canadian S&P TSX, German Dax, French CAC, Italian MIB, Spanish Ibex and UK FTSE 100 pic.twitter.com/iJDoI5wOTw

— MacroMarketsDaily Newsletter (@macro_daily) August 4, 2020

Recovery in Advanced Economies Stalls (By Bjorn van Roye and Tom Orlik, Bloomberg economists)

Some countries have hit a ceiling on activity short of their pre-crisis level. Others face a drag from renewed outbreaks. pic.twitter.com/15xtITyuyP

— Daniel Lacalle (@dlacalle_IA) August 4, 2020