Goldman Sachs Risk Appetite Indicator

Goldman Sachs Risk Appetite Indicator The Goldman Sachs Risk Appetite Indicator turned positive, suggesting risk-on sentiment resumes. Image: Goldman Sachs Global Investment Research

The Treadmill of U.S. Oil Shale

The Treadmill of U.S. Oil Shale Chart suggesting that the treadmill of U.S. shale is accelerating. Image: Goldman Sachs Global Investment Research

Number of DM and EM Central Banks Easing Each Month

Number of DM and EM Central Banks Easing Each Month Currently, most of the world’s central banks are easing, to boost money supply in the economy and stimulate economic growth. Image: J.P. Morgan

Different Holders of DM Government Debt

Different Holders of DM Government Debt The chart shows the historical breakdown of different holders of DM government bonds and overall DM debt-to-GDP. Even with QE, central bank government bond holdings are below historical peaks. Image: BlackRock Investment Institute

S&P 500 – Secular Roadmaps

S&P 500 – Secular Roadmaps The chart shows the S&P 500 projection based on average secular bull and the CAPE model. Image: Fidelity Investments

VIX Level and S&P 500 New Highs

VIX Level and S&P 500 New Highs The VIX level when the S&P 500 reached new highs for the first time is rising. Image: Goldman Sachs Global Investment Research

U.S. Cyclicals vs. Defensives

U.S. Cyclicals vs. Defensives Cyclicals vs. defensives have been a good indicator for monitoring investor sentiment. Image: Goldman Sachs Global Investment Research

S&P 500 YoY Growth – Buybacks vs. Capex and R&D

S&P 500 YoY Growth – Buybacks vs. Capex and R&D Buybacks were down 10% in 3Q 2019, but it’s good news to see that capex and R&D were up 8%. Image: Goldman Sachs Global Investment Research