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Printed: 10 June 2023 9:37 PM


22 Aug 2022 - 10k Words

By: Equitable Investors

10k Words 

Equitable Investors

August 2022

It is almost compulsory to discuss interest rates and inflation, so the first charts this time around give us inflation for advanced economies and Australia, via the RBA, then US yield curve inversion and inflation-adjusted interest rates, courtesy of Bloomberg and Axios.

The same sources have served up some charts on the strength of the US job market.

Then we get into the tech sector with CB Insights mapping out billion-dollar acquisitions while Equitable Investors compares the dollar amount of stock compensation against operating cash flow for Amazon and Atlassian.

The global IPO market is down 74% year-to-date in CY2022 and the Australasian component of that market is down 88%, using dealogic data.

Finally, we return to Bloomberg and its table highlighting the world-beating frequency with which Australasian airlines have been cancelling flights.


Inflation in advanced economies

Source: RBA

US yield curve v equities

Source: Bloomberg

5 year inflation-adjusted interest rate (US)

Source: Axios

No. of US unemployed for 15 weeks or more

Source: Axios

Change in employed from US payroll data

Source: Bloomberg

Billion dollar acquisitions

Source: CB Insights

Amazon's stock compensation relative to its operating cash flow

Source: Equitable Investors, TIKR

Atlassian's stock compensation relative to its operating cash flow

Source: Equitable Investors, TIKR

Total Global IPOs by quarter in US dollars

Source: WSJ, Dealogic

Total Australasian IPOs by quarter in US dollars

Source: WSJ, Dealogic

Australasian airlines cancelling flights most frequently

Source: Bloomberg

August Edition

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Equitable Investors Dragonfly Fund


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