5-Chart Friday (5/22/20)

By Charlie Bilello

22 May 2020

5 charts from the past week that tell an interesting story in markets and investing…

1. $7 Trillion and Counting

The Fed’s balance sheet moved above $7 trillion this week for the first time, with $2.9 trillion in asset purchased in just the last 3 months.

In 2008, the Fed increased its assets by over 151%. A similar % increase this year would bring the Fed’s balance sheet above $10 trillion.

2. Growth > Value

The ratio of Growth stocks to Value stocks is at its highest level since October 2000.

3. Big Tech: 2008 vs. 2020

Via Twitter

Nasdaq 100 is on pace for its 12th consecutive year of gains…

4. Earnings Collapse

With 90% of companies reported, S&P 500 Q1 GAAP earnings are down 64% year-over-year.

This will be the lowest quarterly earnings for the S&P 500 since Q1 2009.

S&P 500 operating profit margins moved down to 6.0% in the 1st quarter, lowest since Q1 2009.

5. New York Strong

The number of COVID-19 Hospitalizations in New York has declined 38 days in a row. πŸ™

And that’s it for this week. Thanks for reading.

Have a great long weekend everyone!


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