7-Chart Sunday (7/4/21)

By Charlie Bilello

04 Jul 2021

This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service.

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

1) The $1 Trillion Club

Facebook ($FB) became the 5th US Company to cross the $1 trillion market cap milestone, joining Apple, Microsoft, Amazon and Google.

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Facebook’s big win this week: a federal court dismissed the FTC’s antitrust complaint against the company, which had threatened a divestiture of Instagram/WhatsApp.

2) Housing Boom Continues

US Home prices continued their rapid ascent, rising to record highs once again with a 14.6% nationwide increase over the last year. That’s the largest 1-year increase on record.

There were 3 metro areas that saw 20+% yearly increases: Phoenix, San Diego, and Seattle.

Data via YCharts

3) High Demand + Supply Constraints = Rising Prices

The Prices Paid Index (a measure of inflation) in the ISM Manufacturing report rose to its highest level since 1979.

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Featured prominently in ISM survey responses were indications of strong demand, supply chain constraints, and rising costs/prices…

4) Rising Prices at the Pump

Speaking of rising prices, Crude Oil closed above $75 this week for the first time since October 2018.

And gasoline prices this 4th of July will be the highest since 2014.

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5) Pandemic + Recession = Record Boom in Wealth

Household wealth in the US grew by $13.5 trillion in 2020, the largest annual increase ever recorded.

6) Jobs/Travel Comeback Continues

850,000 US jobs were added in June, the largest gain in 10 months. Total payrolls are now 4.4% below their pre-covid high.

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The US averaged over 2 million airline travelers a day in the last week for the first time since March 7, 2020.

We’re now only 17% below pre-covid levels and closing the gap fast.

7) Robinhood Riches

Robinhood’s (New Ticker: $HOOD) long-awaited IPO filing revealed some astounding growth numbers, with $522 million in Q1 revenue, more than quadruple sales from a year ago. Total funded accounts are now at 18 million, a 151% increase from the first quarter of 2020.

And that’s it for this week.

Thanks for reading.

Have a great weekend and happy 4th!


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