The S&P 500 was up 76% in the year following the pandemic low of March 23, 2020. The second year following post WWII 30% declines (bear markets) stocks were up every time with an average gain of 17%. (Source: CNBC)
The Alerian MLP index was up 103.1% for the one-year period ended April 1, 2021. Despite that extraordinary 12-month performance,
The Federal Housing Administration (FHA) which insures nearly 8 million high-risk mortgages, reported that the delinquency rate of its mortgages rose to 17.5% in February, up from 17.0% in January, matching the all-time records of September and November last year. The delinquency rate exceeded 20% in 30 of the 169 largest Metropolitan Statistical Areas, topping out in the metro of Nassau County-Suffolk Country,
At the end of January, there were 1.04 million homes for sale. That is down 26% from a year earlier and the lowest on record going back to 1982, according to the National Association of Realtors. (Source: The Wall Street Journal)
The Turkish Lira was quoted as much as 16% lower in early Monday trading in Asia following President Recep Tayyip Erdogan’s decision to replace the country’s central bank chief.
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.