Chart of the Day
Crypto Is An Uncorrelated Asset Class
Chart of the Day: Bitcoin’s value has grown in value by almost 65,000x. Bitcoin, hence cryptocurrencies, is uncorrelated with other major asset classes.
Read MoreLong-Term Return of Forecasts of Global Institutions
Chart of the Day: We collected long-term return forecasts from 12 large institutions: Amundi, AQR, BNY Mellon, Callan, Franklin Templeton, GMO, Morgan Stanley, Schroders, State Street, T Rowe Price, UBS, and Vanguard.
Read MoreKorea Was the Best Performer in Asia in 2020
Chart of the Day: Korea, Taiwan, China, India, and Hong Kong were the only markets with a positive return in 2020. Korea was the strongest performer. ASEAN markets performed poorly, worst was Thailand.
Read MoreAre Inflation and Interest Rates Reaching the Bottom?
Chart of the Day: The global long-term average inflation has been 2.5%. We are currently at historical lows in both inflation and interest rates. Are we reaching the bottom?
Read MoreChina and Taiwan Led 9M20 and ASEAN Lagged
Chart of the Day: China, Taiwan, and Korea were the only markets with positive returns in 9M20. With the exception of Malaysia, ASEAN markets were down 20%+.
Read MoreGovernment Pumping Money in (Or Incentivizing It) Creates Excess Demand
Chart of the Day: “When the government took over student lending in 2010 or so, we stopped doing all student lending.” – Jamie Dimon, JPMorgan chairman and CEO
Read MoreGlobalization Deflation, Localization Inflation
Chart of the Day: Things that were made globally have fallen. Things that are locally made in the US have risen massively.
Read MoreThe Price and Earnings Disconnect
Chart of the Day: Rising purchasing power for the rich, falling for the poor. Keep buying? Seems more likely that the blue line starts falling before the red line rises.
Read MoreChina Was the Only Market with Positive Return in 1H20
Chart of the Day: Overall, Asian markets were down in 1H20 except for China. With the exception of Malaysia, ASEAN markets were the worst performers. China, Taiwan, and Korea were also in the top 3 in terms of return in 2019.
Read MoreLooking for High Dividend Yield? Thailand Is Not There Yet
Chart of the Day: MSCI Thailand has fallen by more than 30% year-to-date. But dividend yield has yet only risen to the long-term average.
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