Top 5 Charts of the Day – September 20th 2020

Just to keep things into perspective: Combined balance sheet of Fed, BoJ and ECB has hit to fresh ATH at $21.3tn, equal to US GDP, meaning that paper money continues to be devalued, which may not be reflected in consumer prices, but in asset prices. pic.twitter.com/0kGfl00Nyx

— Holger Zschaepitz (@Schuldensuehner) September 20, 2020

Analysis from new @BIS_org paper concludes that actions by @federalreserve during #COVID19 crisis have accounted for ~1/2 of S&P 500’s rebound & ~1/5 of EURO STOXX 50’s rebound @Bloomberg @ecb pic.twitter.com/XA9hBYfpIo

— Liz Ann Sonders (@LizAnnSonders) September 18, 2020

6. (as such) Surge in #IPO filings reflects a scramble to get a piece of the action…#makehaywhilethesunshines pic.twitter.com/ukm9tT4kx4

— Callum Thomas (@Callum_Thomas) September 19, 2020

‘The estimated 12-year total return for a conventional passive portfolio mix has declined to -0.95%, easily the lowest level in history, including the extreme low associated with the 1929 market peak.’ https://t.co/UmpcPb1jKW pic.twitter.com/umWZJdzoAK

— Jesse Felder (@jessefelder) September 19, 2020

Talking about concentration risk! #China’s weight in the MSCI Emerging Markets Index has risen to above 40%. ht @SoberLook pic.twitter.com/vE8Lc0jfht

— jeroen blokland (@jsblokland) September 19, 2020