Top 5 Charts of the Day – July 26th 2020

Your #Fang Stocks May Need Some #Gold Fillings – Bloomberg
*Link: https://t.co/yyl1EROumz pic.twitter.com/ePfQw0DaNE

— Christophe Barraud (@C_Barraud) July 26, 2020

In the midst of the worst economic crisis in decades, a portfolio split evenly between stocks, bonds, cash and gold is up 18% over the past 90 days vs. a 7% historical *annual* average.

Via BAML: pic.twitter.com/0DPv3RrFgM

— Tracy Alloway (@tracyalloway) July 26, 2020

The Message Behind #Gold’s Rally: The World Economy Is in Trouble – Bloomberg
*Link: https://t.co/Y7SXr85HgT pic.twitter.com/afAQ6RyIab

— Christophe Barraud (@C_Barraud) July 26, 2020

Americans’ real personal income (ex-government transfers) began its decline in March at the start of the staggering loss of employment, and then fell by 7% in April and 6% in May as shown in the first figure below. Serious cuts to income supports would be a policy error IMHO. pic.twitter.com/xQnADzHrBT

— Joseph Brusuelas (@joebrusuelas) July 23, 2020

China.

Floods are negatively impacting the recovery. pic.twitter.com/2q71tZvz5g

— Daniel Lacalle (@dlacalle_IA) July 26, 2020