Some Numbers…

Some numbers via BofA’s Michael Hartnett putting the recent market move in context:

• 9/10 say bear market rally

• 8/10 say “U” or “W” recovery

• 7/10 say only buy what the Fed buys

• 6/10 expect retest of low

• 2/10 say 10Y yield >1%,

• <1/10 say stocks in bull market;

• $15 Trillion: global equity market cap gain since March low

• $16.4 Trillion: global policy stimulus (QE + fiscal) in 2020;

• $9 Trillion 2020 QE

• $7.4 Trillion: 2020 fiscal stimulus

• 107: global rate cuts in 2020

• $9 Trillion: global GDP loss in 2020/21

• $4.8 trillion in money market funds

• 33 Million: jump in US unemployment past 8 weeks;

• 13%: US household savings ratio

• 1945: last year in which Royal Dutch Shell cut dividend

• 10.9% YTD performance of  gold

• 8.5% US Treasuries

• 3.8% US dollar

• 2.9% government bonds;

• 0.5% cash

• -11.8%: S&P500

• -40%: commodities

• 0: BofA’s Bull and Bear Indicator

• 51.3%: percentage of US population that is employed

Bonus 1: Some Dates

Bonus 2: Some Bailouts

Bonus 3: Some Returns

Bonus 4: Some Investor Sentiment