Top 5 Charts of the Day – March 18th 2021

The Federal Reserve Bank of Philadelphia’s latest survey of factories showed conditions in the region jumped in March to the highest level since 1973 as orders and shipments improved, while a measure of prices paid for materials soared to a 41-year high – Bloomberg pic.twitter.com/jXk2duC6KZ

— Christophe Barraud (@C_Barraud) March 18, 2021

The IHS Markit Global Business Outlook Survey – pointed to a notable improvement in business confidence.
*At +32%, up from +26% in October 2020, the business activity net balance indicated the strongest degree of optimism in three years ⚠
*Link: https://t.co/Yn0Z5rC0e3 pic.twitter.com/kFQelQ845Z

— Christophe Barraud (@C_Barraud) March 18, 2021

China's government debt interest expense has doubled in the past five years, from 1.8% of GDP in 2015 to 4% in 2020 pic.twitter.com/L4KNRWyk8a

— zerohedge (@zerohedge) March 18, 2021

The longest duration Treasury bond ETF is now down over 30% from its high, approaching its largest drawdown ever (-32% in 2012-13). $ZROZ

Data via @ycharts pic.twitter.com/FihGIZC2rZ

— Charlie Bilello (@charliebilello) March 18, 2021

No change to Wall Street strategists’ year-end forecast for S&P 500 (average of 4099) from February survey; as of yesterday’s close, index is only ~125 points away from target @Bloomberg pic.twitter.com/E7dcKErCeP

— Liz Ann Sonders (@LizAnnSonders) March 18, 2021