Global Money Supply and MSCI World Index Equities are around 1 standard devation vs. global money supply. It could be bullish for stocks, as global money supply growth tends to push equities higher. Image: Nordea and Macrobond
Valuation – MSCI ACWI and STOXX Europe 600 – 24-Month Forward P/E Percentile vs. History Should investors pay attention to stock valuation? Image: Goldman Sachs Global Investment Research
MSCI Latin America vs. MSCI World and Russell 1000 Value vs. Russell 1000 Growth Latin America vs. Developed Markets has been highly correlated to Value vs. Growth. Image: Goldman Sachs Global Investment Research
Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM, MSCI World Earnings sentiment seems to have peak. Image: Goldman Sachs Global Investment Research
Valuation – MSCI World Tech 12M Fwd P/E Relative Chart suggesting that MSCI World Tech relative P/E doesn’t appear expensive. Image: J.P. Morgan
Correlation – MSCI U.S. Tech Relative vs. U.S. 10-Year Bond Yield This chart suggests the good correlation between tech relative and U.S. 10-year bond yields (inverted). Image: J.P. Morgan
Top 5 Stocks – MSCI Asia ex Japan Index vs. MSCI USA Index The MSCI Asia ex Japan Index is more concentrated in the 5 largest stocks than the MSCI USA Index. Image: Credit Suisse
The Distribution of Valuations in MSCI World Has the MSCI World become too expensive? Image: Societe Generale Cross Asset Research
Performance – MSCI Europe vs. MSCI ACWI and MSCI World Value vs. Growth Chart suggesting that Europe’s relative performance vs. MSCI ACWI seems similar to that of Value vs. Growth. Image: Morgan Stanley Research
MSCI USA Growth’s Price-to-Book Ratio / MSCI USA Value’s Is a new growth stocks bubble inflating? Image: Bloomberg