Plenty of liquidity in MMF as % of disposable income. Source ..read more

Nice page from IFS on how income inequality, living standards and poverty are evolving. This one, in particular, is interesting – “Another way to see how income inequality has changed over time is the following chart – known as a ‘growth incidence curve’. This shows the average annual percentage growth in incomes at each percentile of the income distribution, for selected time periods ..read more

Source ..read more

“We believe even modest amounts of leverage is risky… …but large concentrated bets like being 100% in equities are just peachy keen“ Among the list of beliefs that the investment community holds simultaneously that are at odds ..read more

Traffic and sales to restaurants in the US is falling. Source ..read more

Hit a record 40% of all IPOs last year (20% from China). Source: Topdown Charts ..read more

Interesting stats in this report. For example the remarkable growth in earnings artists – across thresholds these numbers have tripled since 2017 ..read more

What are the next 10 weight loss drugs and what GLP-1 problems do they solve? Tolerability looks to be important long-term followed closely by supply, the key constraint currently as GLP-1 molecules are peptides, which could be solved instantly if a non-peptide white pill is developed ..read more

Defensive allocations, measured by ETF “market share”, are at a record low. Source: Topdown Charts ..read more

The yield curve has been inverted for a record number of days ..read more