Bloomberg puts out an institutional product called “Financial Conditions” that has lots of great charts and commentary.
Whenever I get a big run of charts from someone, I like to see if I can find the one thread weaved throughout the carpet reveals a truth in narrative.
See if you can identify that story below.
Game show participant: “I can name that narrative in three charts.“
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click for larger graphics
Where Are U.S. Long-Term Interest Rates Heading?
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U.S. 10-Year Treasury Note Yields (2006-2012)
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U.S. Equity Prices and U.S. Financial Conditions
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Well? What do you think?
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Source:
FINANCIAL CONDITIONS WATCH
MICHAEL R. ROSENBERG
Bloomberg, APRIL 13, 2012
GLOBAL MACRO TRENDS AND STRATEGIES
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