Friday, April 9, 2021

This week's interesting finds

We're hiring! 

We're always looking for talented people who can help us achieve our goals and we understand that extraordinary human ability is a scarce resource in high demand. If you think you've got some and are interested in our company, please send your resume to: WeAreGrowing@EdgePointwealth.com.

Currently, we are looking to hire a Product Manager 

This week in charts 

Margin debt

As of late February, investors had borrowed a record $814 billion against their portfolios. That was up 49% from one year earlier, the fastest annual increase since 2007, during the frothy period before the 2008 financial crisis. Before that, the last time investor borrowings had grown so rapidly was during the dot-com bubble in 1999. 

Surprisingly Risky 

Over the past eight months, 10-year Treasury notes have shed 9.5% of their value, while 30-year bonds have dropped by 23.9%. 


The repatriation of demand by the Chinese

Annual % change in the Feds balance sheet from 2002-2021 

The earnings yield of global tech stocks is now below the 10-year Treasury yield.