Market Highlights in Charts 11.8.17

Written by BCM Investment Team | Nov 8, 2017 3:15:00 PM

1. According to PowerShares, ETF flows are reversing their multi-year trend and slowing down in 2017 (increasing at a decreasing rate).


Source: PowerShares; As of 11/6/17

 

 

2. This is supported by the low number of IPOs in recent years.

Source: WSJ Daily Shot; As of 11/7/17

 

 

3. A beautiful growth channel...nothing parabolic yet...

Source: WSJ Daily Shot; As of 11/6/17

 

 

4. Perhaps a sign of a market top? 

Source: WSJ Daily Shot; As of 11/7/17

 

 

5. Despite oil's recent price increases, Venezuela is defaulting on their debt. This is cyclical and perhaps the first of many.

 

Source: WSJ Daily Shot; As of 11/8/17 

 

6. An interesting comparison of corporate debt levels in some major economies. This needs to be added to Government debt when gauging overall market bond supply.

 

Source: WSJ Daily Shot; As of 11/8/17 

 

 

7. Too far, too fast rarely ends well...

 

Source: WSJ Daily Shot; As of 11/7/17

 

 

8. Did we forget 2003-2007 already?

 

Source: Thechartstore.com; As of 11/6/17

 

 

9. This is criminal!  How are graduates supposed to pay this off?  How are they supposed to participate in the economy by buying a new car, starting a family, etc with so much debt?!

Source: Thechartstore.com; As of 11/6/17

 

 

10. Interesting but perhaps to be taken with a grain of salt.  The internet is free, and free is about as deflationary as it gets....


Source: WSJ Daily Shot; As of 11/6/17

 

 

11. Performance chasing rarely works. This is what most analysts and databases do... rate based on the past.


Source: WSJ Daily Shot; As of 11/8/17

 

 

12. Another blow to the ARAMCO IPO?


Source: WSJ Daily Shot; As of 11/8/17

 

 

13. We are concerned as well...


Source: Bloomberg