I came across this interesting guide to the various types of test available in the US for COVID-19 and the information they provide from the test results.
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Source: Chemical and Engineering News
I came across this interesting guide to the various types of test available in the US for COVID-19 and the information they provide from the test results.
Click to enlarge
Source: Chemical and Engineering News
Callan LLC recently published their Callan Periodic Table of Investment Returns with data updated thru first half of this year. Real Estate was the worst performer until the end of June with a loss of over 21%. The asset class that yielded the best returns was US Fixed Income with a return of over 6%.
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Source: Callan
The key takeaway from this chart is that diversification is the important to success. For instance fixed income was the top performer for the first three months, then it was small caps and emerging market stocks were the best in June.
Foreign bank stocks listed on the US exchanges are down significantly so far this year. In fact, except Deutsche Bank, all these ADRs are in the deep red as shown in the chart and table below. Banco de Chile is the only bank ADR with a a relatively low loss of about 10%. Some of the banks are off by 50% or more. For example Bancolombia (CIB) of Colombia is down by mover 50%.From developed world banks to emerging world banks, all are in the negative territory.
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Year-to-date returns of foreign bank stocks – Table:
| S.No. | Bank Name | Ticker | YTD % Change (as of July 13,2020) |
|---|---|---|---|
| 1 | Deutsche Bank | DB | 25.06% |
| 2 | Banco de Chile | BCH | -10.39% |
| 3 | Mizuho Financial | MFG | -20.06% |
| 4 | Credit Suisse | CS | -22.30% |
| 5 | Sumitomo Mitsui Financial | SMFG | -23.21% |
| 6 | Banco BBVA Argentina S.A. | BBAR | -23.88% |
| 7 | Banco Santander Chile | BSAC | -25.53% |
| 8 | HDFC Bank | HDB | -25.80% |
| 9 | Westpac Banking | WBK | -27.09% |
| 10 | Mitsubishi UFJ Financial | MUFG | -27.81% |
| 11 | Woori Financial Group Inc. | WF | -28.85% |
| 12 | KB Financial Group | KB | -29.80% |
| 13 | Grupo Financiero Galicia | GGAL | -30.13% |
| 14 | Shinhan Financial | SHG | -34.75% |
| 15 | Banco Bilbao Vizcaya Argentaria | BBVA | -36.74% |
| 16 | ICICI Bank | IBN | -37.51% |
| 17 | Barclays Bank | BCS | -37.92% |
| 18 | HSBC | HSBC | -38.88% |
| 19 | Banco Santander | SAN | -40.10% |
| 20 | Banco Macro | BMA | -40.25% |
| 21 | Itau Unibanco | ITUB | -45.57% |
| 22 | Bancolombia | CIB | -50.14% |
| 23 | Banco Bradesco | BBD | -50.25% |
| 24 | Royal Bank of Scotland | RBS | -52.02% |
| 25 | Banco Bradesco - Com | BBDO | -52.34% |
| 26 | Itau Corpbanca | ITCB | -54.12% |
| 27 | Lloyds Banking Group | LYG | -54.98% |
| 28 | Banco Santander Brasil | BSBR | -56.06% |
Source: BNY Mellon
Disclosure: Long many of the banks listed above including CIB
I posted the Emerging Markets Performance for First Half 2020 chart last week. The following chart shows the Foreign Developed Stock Market Returns for the First Half of this year.
The best performing market in the first six months is Denmark followed by New Zealand and The Netherlands. The worst performing markets were Austria, Belgium and the UK in that order.
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Source: Novel Investor
The UK has the highest road safety in Europe followed by Ireland and Denmark. The country with the worst safety record is Romania followed by Bulgaria and Croatia. These rankings are based on the number of fatalities per million of the population in 2018.
Italy has double the number of road fatalities relative to the UK. This is not surprising as many Italians drive like speed demons even in winding roads in the mountains. Despite having no speed limits on the Autobahns Germany has good road safety.
The following infographic shows the road safety in Europe by country:
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Source: Radio Free Europe/Radio Liberty