Replies to post #327832 on $Stock*Shop*Charts*News*Option$

[hang ten]

Global Equity Macromap
Published July 8th, 2010

http://www.tradersnarrative.com/global-equity-macromap-4399.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TradersNarrative+%28Trader%27s+Narrative%29


I love the art of data visualization so whenever I find a good example I can’t help but enjoy not just the accessibility that it provides to a set of complex data but the aesthetic quality of the image. Here’s a macromap of major global equity markets for the past year:

A cursory look shows the dichotomy between emerging vs. developed markets - with the exception of China, of course. Europe has ben surprisingly resilient with Spain being the weakest with its heavily bank weighted index giving it a single digit return. The bulls will be comforted to know that the year-long bull market had broad participation across the globe. The bears will remain skeptical pointing to the fact that world stock markets have been getting more and more correlated with each passing year.

Anyway, FT’s macromap is almost as engrossing as the New York Times sector snapshot which I wrote about a few years ago. If you haven’t explored it yet, check out FT’s data sub-section, it is chock full of charts for equities, bonds, currencies and more

[Tuff-Stuff]

zh<>Consumer Credit Plunges In May, April Revised Much Lower, As Government Only Marginal Lender For Two Months In A Row

The latest consumer credit number continues the decline we have seen in recent months, plunging from $2424.4 billion in April to $2415.3 billion in May, a $9.1 billion decline, or 4.5% annualized, on consensus of $2.3 billion. Yet the biggest stunner was the April revision which was whacked from +$1 billion to a revised -$14.9 billion! In other words, there has been a $24 billion decline in consumer credit in the past two months. The biggest hit was, as usual, experienced by revolving credit accounts, which fell by a 10.5 annualized rate to $830.8 billion, from $838.2 billion in April, and just north of $910 billion a year earlier. The bottom line is that consumers continue to retrench as the deflationary wave gets ever bigger. And the only lender, for the second month, running, is guess who... Yet stocks, which confirm again they are now completely decoupled from facts, statistics, or reality in general, jump on this very negative development.



And guess where the only increase in May lending came from... You get one guess.