5 charts from the past week that tell an interesting story in markets and investing.
1. Bank Earnings Crushed
Bank Earnings…$C: $2.5b profit (-46% YoY), added $7b to loan loss reserves$BAC: $4b profit (-45% YoY), $3.6b loan reserves$GS: $1.2b profit (-46% YoY), $937m loan reserves$WFC: $653m profit (-89% YoY), $3.1b loan reserves$JPM: $2.9b profit (-69% YoY), $6.8b loan reserves
— Charlie Bilello (@charliebilello) April 17, 2020
2. Housing Market Index (Homebuilder Sentiment)
The US Housing Market Index (a measure of homebuilder sentiment) fell from 72 to 30 in April, its largest monthly decline on record (data back to 1985).
3. Everyone At Home … and Watching More Netflix
4. The Amazon Economy
-New All-Time High
-Amazon vs. Retailers, Last 5 Years…
-Amazon Returns since its IPO in 1997. $AMZN
5. Signs of Improvement Continue in New York
New York reported a decline in COVID-19 hospitalizations for the 4th day in a row.
And that’s it for this week. Thanks for reading.
Have a great weekend everyone!
Stay safe,
-Charlie
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