Top 5 Charts of the Day – November 1st 2020

RIsk Parity leverage had just risen above median after 7 months of hibernation and the hammer fell (stocks down, bonds down, gold down) pic.twitter.com/jeOnmCmsof

— zerohedge (@zerohedge) October 31, 2020

She is here to close spreads: Lagarde, in her first year as President of the ECB, has further blurred the boundaries between monetary policy and fiscal policy! Lagarde has ramped up ECB balance sheet by a record €2tn. pic.twitter.com/41vNqheZPp

— Holger Zschaepitz (@Schuldensuehner) November 1, 2020

ICYMI! : Cash levels in the US have risen by USD 4 trillion since March. pic.twitter.com/ApckrmLihf

— jeroen blokland (@jsblokland) November 1, 2020

We live in an age of giant EM devaluations. Since 1970 there's only 9 episodes when the real exchange rate falls 30% or more and stays low for multiple years. But since 2017 there are many cases. Argentina (pink) is down 56%. Brazil (purple) is down 40%. Turkey (blue) is down 36% pic.twitter.com/uHYtQM0BpM

— Robin Brooks (@RobinBrooksIIF) November 1, 2020

3. Anything could happen next week, but by GS analysis, it seems the polls, prediction markets, and the stockmarket all agree on one thing…

h/t @carlquintanilla pic.twitter.com/Ps9idIWzGo

— Callum Thomas (@Callum_Thomas) October 31, 2020