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A Bird's Eye View Blog

Market Highlights in Charts 11.8.17

By:BCM Investment Team | Date:Nov08, 2017 | Category: Equity, Economics, Market Highlights, Fireside Charts

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

11.8 chart 1.png
Source: PowerShares; As of 11/6/17

 

 

2. This is supported by the low number of IPOs in recent years.
11.8 chart 2-1.png
Source: WSJ Daily Shot; As of 11/7/17

 

 

3. A beautiful growth channel...nothing parabolic yet...
11.8 chart 3.png
Source: WSJ Daily Shot; As of 11/6/17

 

 

4. Perhaps a sign of a market top? 
11.8 chart 4.png
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.

11.8 chart 5.png 

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.

11.8 chart 6.png 

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

 

 

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

11.8 chart 7.png 

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

 

 

8. Did we forget 2003-2007 already?

11.8 chart 8.png 

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?!

11.8 chart 9-1.png

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....

11.8 chart 10-1.png
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.

11.8 chart 12-1.png
Source: WSJ Daily Shot; As of 11/8/17

 

 

12. Another blow to the ARAMCO IPO?

11.8 chart 13.png
Source: WSJ Daily Shot; As of 11/8/17

 

 

13. We are concerned as well...

11.8 chart 14.png
Source: Bloomberg