Chart: S&P 500 Disconnected from Earnings Outlook
Don’t bother trying to fit a narrative…
Chart: Only 9% of Manufacturing Sectors in Contraction
As good as it gets…
Ray Dalio: Negative Real Rates Are ‘Guaranteed’
Nothing is “guaranteed,” but he’s got a point…
Global Credit Impulse Turns Negative for First Time Since First Covid Outbreak
The knee jerk part of the recovery is over
China Junk Bonds Crashing to Covid Lows as World’s Most Indebted Company Downgraded Yet Again
Peak China
World Wide Energy Production by Source Since 1860
Renewables remain barely a blip.
Is Covid Leading to a Baby Boom or a Bust?
A new dawn?
UK Home Affordability Has Only Been Worse at Peak of Housing Bubble, Pre-20th Century
Tied for most expensive since the early 1900s…