Discover more from Daily Chartbook
DC Lite #6
5 of the day's best charts and insights
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.
LAUNCH PROMOTION: Get an additional 10% off the already discounted annual price if you upgrade by November 30. That’s your first year of Daily Chartbook for $180!
Bankruptcies. "A total of 50 companies filed for bankruptcy in October, down from 61 in September, according to the latest S&P Global Market Intelligence data. This was the second-lowest monthly total for the year so far."
Anti-bubble. "US companies have in fact seen interest expense decline by benefitting from higher returns on their cash holdings but fixed long-term liabilities thanks to a decade of zero rates. QE effectively created an anti-bubble."
Yields vs. banks. There is a wide divergence b/w US Banks’ relative performance and US 10-year Treasury yields.
Big Tech put-to-call skew. "Traders are hedging their bets on big tech."
Real assets vs. financial assets. "The relative value of real assets to financial assets is highly correlated with inflation (~70% since 1970), making them an excellent hedge against rising inflation and interest rates in coming years."