Le Charteur
@lecharteur.bsky.social
Just sharing interesting charts, seeking to learn more, and better understand this world of economics/finance and their impacts on the real economy.
Reposted by Le Charteur
Banger post on the buzziest (but fuzziest) phenomenon in institutional investing, from @tobyn.bsky.social naturally. on.ft.com/47MeI73
The hot new investment trend is the ‘Total Portfolio Approach’. Does it work?
Exploring the buzzy but fuzzy new phenomenon in asset allocation
on.ft.com
November 17, 2025 at 7:12 AM
Banger post on the buzziest (but fuzziest) phenomenon in institutional investing, from @tobyn.bsky.social naturally. on.ft.com/47MeI73
Who knew that gilts loved the idea of broad-based tax measures (i.e., rises) over a charcuterie board of narrow measures. 🤷🏻♂️
November 15, 2025 at 10:04 AM
Who knew that gilts loved the idea of broad-based tax measures (i.e., rises) over a charcuterie board of narrow measures. 🤷🏻♂️
Reposted by Le Charteur
I....cant... anymore.....😭
take the change in job openings by industry. Plot it against the change in employment by industry. The sectors with the biggest REDUCTIONS in job openings also saw the largest INCREASES in employment.
US, France, UK all the same story
ChatGPT my ass
take the change in job openings by industry. Plot it against the change in employment by industry. The sectors with the biggest REDUCTIONS in job openings also saw the largest INCREASES in employment.
US, France, UK all the same story
ChatGPT my ass
November 5, 2025 at 3:51 PM
I....cant... anymore.....😭
take the change in job openings by industry. Plot it against the change in employment by industry. The sectors with the biggest REDUCTIONS in job openings also saw the largest INCREASES in employment.
US, France, UK all the same story
ChatGPT my ass
take the change in job openings by industry. Plot it against the change in employment by industry. The sectors with the biggest REDUCTIONS in job openings also saw the largest INCREASES in employment.
US, France, UK all the same story
ChatGPT my ass
Buzzed that @thedailyshot.bsky.social is back!
November 3, 2025 at 12:05 PM
Buzzed that @thedailyshot.bsky.social is back!
Reposted by Le Charteur
Lots of factors getting rekt out there. Momentum one example but MS indices for Value (+3.3% today), Quality (+3.1% today), and Beta (-4.3% today) are all seeing super punchy moves.
October 22, 2025 at 6:47 PM
Lots of factors getting rekt out there. Momentum one example but MS indices for Value (+3.3% today), Quality (+3.1% today), and Beta (-4.3% today) are all seeing super punchy moves.
Reposted by Le Charteur
The last 10 years for the median stock has been... less than ideal
October 19, 2025 at 2:08 PM
The last 10 years for the median stock has been... less than ideal
State street has been publishing some interesting research lately. The one that caught my eye is on market concentration risk. According to their results, there is no predictive power in market concentration for future risk/returns.
globalmarkets.statestreet.com/research/por...
globalmarkets.statestreet.com/research/por...
October 18, 2025 at 6:58 AM
State street has been publishing some interesting research lately. The one that caught my eye is on market concentration risk. According to their results, there is no predictive power in market concentration for future risk/returns.
globalmarkets.statestreet.com/research/por...
globalmarkets.statestreet.com/research/por...
Reposted by Le Charteur
Notwithstanding Friday’s sell-off, gold’s run this year has been something else. It’s beaten the Mag7 & Nvidia YTD.
October 11, 2025 at 9:45 PM
Notwithstanding Friday’s sell-off, gold’s run this year has been something else. It’s beaten the Mag7 & Nvidia YTD.
Notwithstanding Friday’s sell-off, gold’s run this year has been something else. It’s beaten the Mag7 & Nvidia YTD.
October 11, 2025 at 9:45 PM
Notwithstanding Friday’s sell-off, gold’s run this year has been something else. It’s beaten the Mag7 & Nvidia YTD.
Reposted by Le Charteur
Yesterday was the first day in a long time that gold prices rose (black) and the Dollar fell (blue). Ever since Jackson Hole on August 22, the rise in gold has been about a flight to safety out of ALL fiat currencies, but that changed yesterday. Tariffs caused a flight out of the Dollar into gold...
October 11, 2025 at 1:33 PM
Yesterday was the first day in a long time that gold prices rose (black) and the Dollar fell (blue). Ever since Jackson Hole on August 22, the rise in gold has been about a flight to safety out of ALL fiat currencies, but that changed yesterday. Tariffs caused a flight out of the Dollar into gold...
Reposted by Le Charteur
Goldman Sachs publishes a note on the curve steepener trade stalling on Friday
Politics in Japan and France over the weekend: not so fast
Politics in Japan and France over the weekend: not so fast
October 6, 2025 at 9:04 AM
Goldman Sachs publishes a note on the curve steepener trade stalling on Friday
Politics in Japan and France over the weekend: not so fast
Politics in Japan and France over the weekend: not so fast
Well, this is dramatic
October 6, 2025 at 5:55 AM
Well, this is dramatic
The Fed funds rate is weird and alphaville highlighted how a Fed governor called it out. This is why I go to alphaville and exactly why you should too.
September 29, 2025 at 7:15 PM
The Fed funds rate is weird and alphaville highlighted how a Fed governor called it out. This is why I go to alphaville and exactly why you should too.
Reposted by Le Charteur
Reposted by Le Charteur
In a UN speech today, President Trump said that "all of these [climate] predictions were wrong".
Back in 2019 I led a research effort to digitize old climate model projections and assess how well they did. Turns out they got future warming pretty spot on!
Back in 2019 I led a research effort to digitize old climate model projections and assess how well they did. Turns out they got future warming pretty spot on!
September 23, 2025 at 5:01 PM
In a UN speech today, President Trump said that "all of these [climate] predictions were wrong".
Back in 2019 I led a research effort to digitize old climate model projections and assess how well they did. Turns out they got future warming pretty spot on!
Back in 2019 I led a research effort to digitize old climate model projections and assess how well they did. Turns out they got future warming pretty spot on!
Reposted by Le Charteur
This chart rules
ah shit, I had swapped lambda and coreweave around to make the diagram more sane and forgot to move the super micro funding arrow from coreweave to lambda. fixed
September 23, 2025 at 5:08 PM
This chart rules
Reposted by Le Charteur
UK long-dated bond yields are off their highest levels (chart), but they have settled in a range that significantly increases debt-servicing costs for both new issuance and rolled-over debt.
This is now a common phenomenon in advanced economies, which, for countries like Britain and France...
1 of 2
This is now a common phenomenon in advanced economies, which, for countries like Britain and France...
1 of 2
September 22, 2025 at 9:22 AM
UK long-dated bond yields are off their highest levels (chart), but they have settled in a range that significantly increases debt-servicing costs for both new issuance and rolled-over debt.
This is now a common phenomenon in advanced economies, which, for countries like Britain and France...
1 of 2
This is now a common phenomenon in advanced economies, which, for countries like Britain and France...
1 of 2
For every buyer, there is a seller…but there might be more more buyers than sellers
The 2021 paper on inelastic markets cited in the FT piece; the conclusion page has a quote or two to throw into market conversations
www.nber.org/system/files...
www.nber.org/system/files...
September 21, 2025 at 9:47 AM
For every buyer, there is a seller…but there might be more more buyers than sellers
Crazy chart from @bcaresearch.bsky.social showing the central bank cycle (note not the size of cuts or hikes just the direction). In a world that is hard to read, seems CBs are generally comfortable with the view that the global economy is weakening.
September 21, 2025 at 9:42 AM
Crazy chart from @bcaresearch.bsky.social showing the central bank cycle (note not the size of cuts or hikes just the direction). In a world that is hard to read, seems CBs are generally comfortable with the view that the global economy is weakening.
Reposted by Le Charteur
The physicist and hedge fund manager on why the efficient markets theory is ‘all wrong’, economists with ‘mathematics envy’ — and what Camus can teach us about compromise: on.ft.com/4pwdNy9
September 20, 2025 at 7:30 AM
The physicist and hedge fund manager on why the efficient markets theory is ‘all wrong’, economists with ‘mathematics envy’ — and what Camus can teach us about compromise: on.ft.com/4pwdNy9
Reposted by Le Charteur
money. the answer is money. literally the first item is a jacket for £2,750
I 🧡 HTSI
I 🧡 HTSI
24 ways to upgrade your athleisure on.ft.com/42C6YkM
24 ways to upgrade your athleisure
Join the tech pros
on.ft.com
September 19, 2025 at 4:11 PM
money. the answer is money. literally the first item is a jacket for £2,750
I 🧡 HTSI
I 🧡 HTSI
Reposted by Le Charteur
JP Morgan counters the currently prevailing narrative by which the electricy demand fromdata centers justified new gas power plants. JP Morgan: solar + wind are the 'strategic solution' as they can be 'deployed faster' than gas. www.jpmorgan.com/content/dam/...
www.jpmorgan.com
September 18, 2025 at 4:58 PM
JP Morgan counters the currently prevailing narrative by which the electricy demand fromdata centers justified new gas power plants. JP Morgan: solar + wind are the 'strategic solution' as they can be 'deployed faster' than gas. www.jpmorgan.com/content/dam/...
Robin is pointing out something that’s in all of our faces, but as he correctly states we haven’t really internalised yet. Japanese markets and rates are in a different era.
Markets haven't internalized just how crazy the rise in Japan's long-term yields is. It's best to split out the front end of the yield curve to see that. If you look at 10y20y forward, that yield is now 4.5% (red), the highest it's ever been in recent memory. Japan is truly in a terrible spot...
September 13, 2025 at 11:12 AM
Robin is pointing out something that’s in all of our faces, but as he correctly states we haven’t really internalised yet. Japanese markets and rates are in a different era.
Reposted by Le Charteur
Carlos to Jannik: "I'm seeing you more than my family."
September 7, 2025 at 9:46 PM
Carlos to Jannik: "I'm seeing you more than my family."
Reposted by Le Charteur
Chinese household loan growth bifurcation
September 6, 2025 at 1:36 PM
Chinese household loan growth bifurcation