10k Words - June 2021

Apparently, Confucius didn’t say “One Picture is Worth Ten Thousand Words” after all. It was an advertisement in a 1920s trade journal for the use of images in advertisements on the sides of streetcars. Even without the credibility of Confucius behind it, we think this saying has merit. Each month we share a few charts or images we consider noteworthy. 

Private equity deals are thumping through at a record rate, highlights Bloomberg, while angel funding rounds are inflating based on PitchBook data. Listed equity returns are mostly made by holding overnight rather than holding over the course of the trading day, based on US analysis from Bespoke and Equitable Investors' ASX small cap analysis. Scott Galloway looks at value destruction on the grandest scale. On the economic reflation front Rosenburg Research charts the US home improvement trend and the Economist charts the shift in sentiment.

Most of these charts were featured in Equitable Investors' weekly Small Talk updates for its wholesale clients during the past month.

Value of acquisitions by private equity ($US)

Source: Bloomberg

Seed deal size ($USM) by quartile (US)

Source: PitchBook

S&P 500 After Hours vs. Regular Trading Perf. Since Inception

Source: Bespoke

 S&P/ASX Small Ordinaries Index After Hours vs. Regular Trading Perf. Since Inception

Source: Equitable Investors, Sentieo

Scott Galloway’s Daily Benjamin Burn

Source: Scott Galloway

Construction - Residential Improvements (Billions, LHS) & Real Personal Consumption on Tools & Equipment for House & Garden (year-on-year %, RHS)

Source: Rosenburg Research

US Real Personal Consumption Expenditure - Furniture (year-on-year %, LHS) & US Real Personal Consumption Expenditure - Carpets & Floor Coverings (year-on-year %, RHS)

Source: Rosenburg Research

Share of adults in the US whoare saying the economy is getting better or getting worse

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