Top 5 Charts of the Day – September 28th 2020

2020 has already set the record for the largest dollar volume of IPOs.
⁰36% higher than the peak of the tech bubble with 2 more months to go.
⁰Also the largest number of issuances since 2000 and 1999.

More importantly:

Only 9% of all 2020’s IPOs were actually profitable. pic.twitter.com/XeNZxTQ3Ie

— Otavio (Tavi) Costa (@TaviCosta) September 28, 2020

Biggest experiment in monetary history is being continued. What we are looking for is the point at which confidence in the central banks collapses because they have printed too much money. SNB's balance sheet now accounts for over 150% of Switzerland's GDP, BoJ's at almost 140%. pic.twitter.com/zfs3yV6HeY

— Holger Zschaepitz (@Schuldensuehner) September 27, 2020

Global utility stocks are down 12% in relative terms vs. global equities over the past 6M as the global economic surprise index hit new all time highs. Economic surprises peaked in Aug. When data begins to disappoint vs. exp., a defensive equity tilt usually starts to outperform. pic.twitter.com/fWoF2YNJRI

— Julien Bittel, CFA (@BittelJulien) September 28, 2020

Junk bond market is on fire pic.twitter.com/Ohc39dhOJb

— zerohedge (@zerohedge) September 28, 2020

North American investment-grade corporate leverage hit a new high.

Source: @GoldmanSachs pic.twitter.com/V3SavgbcVD

— (((The Daily Shot))) (@SoberLook) September 28, 2020