The Bloomberg Barclays Aggregate Bond Index has posted four years of negative returns (inclusive of YTD 2021) since 1977. If the year ended today, it would be the worst year on record (-3.0%). (Source: Compound Capital Advisors)
After raising a record $83 billion in 2020, SPACs (Special Purpose Acquisition Companies) have raised $60 billion to date in 2021,
With a market cap of one trillion dollars, Bitcoin would have a weight of 0.6% in ‘The Global Multi-Asset Market Portfolio’ of major asset classes. The next smallest asset class is high yield bonds with $2.4 trillion representing 1.5%. (Source: The Market Ear)
The MOVE Index (BofA/Merrill Lynch Option Volatility Expectations), which measures volatility in the bond market has increased 31% over the past two weeks as many investors fear higher rates.
In 1979, the price for silver jumped from $6.08 per troy ounce on Jan. 1, 1979, to a record high of $49.45 per troy ounce on Jan. 18, 1980, an increase of 713% as brothers Nelson, Lamar, and William Herbert Hunt, sons of Texas oil billionaire Harold Hunt Jr., bought silver voraciously, at one point owning one-third of the market.
More than half a trillion dollars of options on individual stocks traded on January 8, the highest single-day level on record, according to Goldman Sachs in a January 13 note. (Source: The Wall Street Journal)
The S&P 500 has returned between 0% and 10% four times in the past 25 years, between 10% and 20% seven times,
The 20th Amendment was ratified on January 23, 1933 and moved up Inauguration Day to January 20th (and the first meeting of the new Congress to January 3rd). Originally, the Congress of the Confederation set March 4, 1789, as the date “for commencing proceedings” of the new government established by the U.S. Constitution. The four-month gap was needed in part because of the time it took to count and report votes and to travel to the nation’s capital.
Last week, the 10-year benchmark Treasury closed above 1% for the first time since March and the Treasury yield curve (2-year vs. 10-year maturities) traded at the widest spread since the summer of 2017.
December capped the worst year for U.S. job losses in records tracing back to 1939. In 2020 the economy shed a net 9.37 million jobs,