Search Results for: DM

S&P 500 DDM-Implied Fair Value Goldman Sachs forecasts the U.S. 10-year Treasury yield at 1.6% by the end of 2021 and the S&P 500 to reach 4,700 (base case scenario). Image: Goldman Sachs Global Investment Research

EM vs. DM Valuation Emerging market equities look attractive relative to developed market equities. Image: Goldman Sachs Global Investment Research

U.S. Dollar DXY Index and CPI Inflation (U.S. Less DM Ex-U.S.) Historically, the U.S. dollar tends to fall when U.S. CPI is higher than rest of DM. Image: BCA Research

Coronavirus – Global COVID-19 Cases vs. Global Vaccines Administered Global vaccinations far exceed global COVID-19 cases. Image: BofA Global Investment Strategy

Actual vs. Predicted Change in DM Bond Yields When Regressed on PMI Level DM bond yields appear to be overpriced. Image: J.P. Morgan

Confirmed Global Coronavirus Cases and Vaccination Doses Administered The number of COVID-19 vaccinations in the world has exceeded the total number of confirmed cases. Image: Financial Times

Hedge Funds’ Aggregate Net Exposure to DM Equities The overall hedge funds net exposure to DM stock market is not stretched. Image: Nomura

Performance – S&P 500 vs. MSCI DM World Ex-USA The S&P 500 has significantly outperformed the rest of the world over the past decade. Which will do better post-Covid? Image: Scotiabank GBM Portfolio Strategy

Aggregated 15 DM Country Average Bond and Equity Percentile Valuations As the chart suggests, this is the most expensive time to buy stocks and bonds. Image: Deutsche Bank

Equity Prices – EM Relative to DM vs. Gold Prices Is the relative performance of emerging market equities vs. developed market equities at a major market turning point? Image: BCA Research