10-Year Rolling Average Sales Growth by Region The importance of remembering the past: this chart shows the steep decline in sales growth over time. Picture source: Goldman Sachs Global Investment Research
Yield Comparison – S&P 500 Didivend Aristocrats and 10-Year U.S. Treasury S&P 500 dividend aristocrats are once again higher than 10-year U.S. Treasuries. Picture source: Legg Mason
U.S. 10-Year Yields U.S. 10-year yields are currently 140 bps above developed peers and highest since 1984. Picture source: Arbor Research & Trading
U.S. Economy and U.S. 10-Year Yield This chart suggests that the U.S. economy’s percentile relative to developed countries explains the U.S. 10-year yield. Picture source: Arbor Research & Trading LLC
U.S. 10-Year Yield Leads Global PMI This interesting chart suggests that the U.S. 10-year yield (2-year change) leads global PMI by 18 months. Source: Macrobond and Brandywine Global
Japan – Explaining 10-Year Yields Great chart suggesting that demographics explain Japan’s 10-year yields. An R² of 0.87 is quite high and significant. Picture source: Arbor Research & Trading LLC
China Industrial Activity and U.S. Treasury 10-Year Yield This chart shows the quite good correlation between China industrial activity and the U.S. treasury 10-year yield. Picture source: Oxford Economics, Macrobond
Cyclical/Defensive Equities Ratio and 10-Year Treasury Yield The chart shows the correlation between the cyclical/defensive equities ratio and the 10-year treasury yield, signaling an economic slowdown. Picture source: Morgan Stanley Research
S&P 500 Forecast Dividend Yield Is Above The 10-Year Treasury Yield Dividends remained stable or increased, while the 10-year Treasury yield has declined. Picture source: Wells Fargo Investment Institute
10-Year Annualized Returns of US Large-Cap Stocks Since 1936 This chart puts the last ten years into perspective. Picture source: BofA Merrill Lynch
