5-Year Rolling Correlation Between S&P 500 TTM EPS YoY vs. China Nominal GDP and U.S. Nominal GDP China’s economic growth slowdown suggests trouble ahead for the S&P 500. Image: BofA US Equity & Quant Strategy
Forward P/E Ratio and Subsequent 5-Year Annualized Returns Should investors expect anemic S&P 500 returns over the next 5 years? Image: J.P. Morgan Asset Management
Rates – Short Duration vs. Long Duration Indexed Relative to Basket Return and 5-Year, 5-Year Forward Real U.S. Treasury Yield Short vs. long duration tends to track the path of U.S. rates. Image: Goldman Sachs Global Investment Research
Gold Price vs. U.S. 5-Year TIPS Yield Generally, when the U.S. 5-year TIPS yield goes down, gold tends to go up. Image: The Daily Shot
U.S. 5-Year/5-Year Forward TIPS Breakeven Inflation Rate and Fed’s Target Zone Is U.S. inflation still a risk? Image: BCA Research
S&P 500 and Euro Stoxx 50 – 5-Year Implied Dividend Yield S&P 500 and Euro Stoxx 50 implied dividend yields remain very low. Image: Goldman Sachs Global Investment Research
S&P 500 Pure Value/Pure Growth Index and 5-Year U.S. Treasury Breakeven Rate The 5-year U.S. Treasury breakeven rate tends to drive the rotation from growth stocks to value stocks. Image: Morgan Stanley Wealth Management
U.S. Inflation Expectations – U.S. 5-Year Breakeven and U.S. Core PCE Price Index Will inflation expectations fall back to lower levels? Image: Bloomberg
Core PCE Inflation and 5-Year, 5-Year Forward Breakeven Inflation Rate Are inflation expectations too high? Image: Alpine Macro
Financial Stocks vs. Financial Bonds and 5-Year U.S. Treasury Bond Financial stock outperformance tends to track 5-year rates. Image: BofA Global Investment Strategy