Top 5 Charts of the Day – July 16th 2020

The ratio between the MSCI #Asia Pacific Index’s average 12-month price target and the benchmark’s current level has slipped below 1.08, a signal that has preceded corrections on three separate instances since the start of 2015 – Bloomberg pic.twitter.com/z4KmLJdFI3

— Christophe Barraud (@C_Barraud) July 16, 2020

Global borrowing costs for investment-grade companies have reached a record low.
*Bond yields tumbled to 1.73% according to an almost two-decade-old Bloomberg Barclays pic.twitter.com/C1DY1rfUPz

— Christophe Barraud (@C_Barraud) July 16, 2020

The S&P 500 just moved to within 5% of a 52-week high.

More than 60% of stocks in the index are more than 10% below their own highs.

This hasn't happened since September 2000. pic.twitter.com/kh3llg3W3f

— SentimenTrader (@sentimentrader) July 16, 2020

The pace of recovery for most major advanced economies has slowed, according to Bloomberg activities gauges. European countries, such as Germany and France have made most progress. Activity is recovering much more slowly in US, Canada and UK pic.twitter.com/xsBAXYLBo5

— Holger Zschaepitz (@Schuldensuehner) July 16, 2020

Florida initial claims jump as covid cases surge pic.twitter.com/AqinFWTzK3

— zerohedge (@zerohedge) July 16, 2020