Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
Some fun facts about this year (courtesy Michael Hartnett of Merrill Lynch):
- US equities (+14%) are ahead of European equities (-6%) by the widest margin since 1976.
- US large cap is beating US small cap by 950 bps, the most since 1998.
50% of all government bonds globally yield less than 1%.
- Notable exception: Venezuela US$-denominated bonds yield 22%.
- Apple’s market cap ($662 billion) is one-third greater than all Eurozone banks combined, and nearly as large as every listed company in Latin America ($695 billion).