Good morning! Below is Chartcuterie for 4/4/15, cross-posted from Twitter (curated list here).
Average hourly earnings: pointing to a large ECI gain, but earnings are skewed to managerial positions. (Bespoke)
BAML has an idea for the most contrarian trade in the world right now.
CS: skews in rates and equities showing nervous markets.
Be careful what you're talking about when you discuss S&P 500 EPS; there are many varied flavors. (DB)
GS breaks down recent credit performance versus credit and other asset classes.
CS shows the backdrop for the Japanese corporate sector is astoundingly positive.
My pal Moyeen Islam at Barclays put these together, showing that rates volatility has one way to go.
MS shows the extreme divergence in monetary policies as measured by months to next hike. EUR ZIRP forever y'all...
BNP with a helpful reminder that the Fed is still buying lots and lots of MBS, and their spreads are at ATLs.
And finally, speaking of mortgages...US real estate lending showing some signs of life. (Bespoke)
That's it for Chartcuterie today. Instead of delicious cured meats, go snack on some lamb, ham, matzo, or whatever else you prefer to celebrate the turning of harsh winter (for us in the Northeast US, anyways) to glorious spring.