MSCI ACWI and S&P 500 Forward P/E Multiple This year, the forward P/E multiple for global equities and for the S&P 500 increased by approximately 24%. Historically, multiples contract or remain flat following years of big multiple expansion. Image: Morgan Stanley Research
BofA Fund Managers Sentiment vs. MSCI ACWI TR Fund managers are euphoric about the future state of the global economy, but the chart suggests that the euphoria has not yet reached the warning zone. Image: Tomasz Hońdo
MSCI ACWI Total Return Index vs. OECD Composite Leading Indicator Chart suggesting that usually, when the OECD composite leading indicator is up (slightly), it is positive for equity markets. Image: Tomasz Hońdo
Major Economies Central Banks Total Assets and MSCI ACWI Chart suggesting that central bank stimulus would support financial markets in 2020 (R = 0.95 since 2009). Image: BofA Merrill Lynch Global Research
MSCI ACWI Total Return Index – Rallies and Corrections Interesting chart showing the deviation of the MSCI AC World Total Return Index against its trend line, like the swing of a pendulum. Image: Fidelity Investments
MSCI ACWI and Global Composite PMI Chart suggesting that global equities expect a pickup in global growth, as policy stimulus takes effect. Image: Morgan Stanley Research
FTSE Renaissance Global IPO Index and MSCI ACWI Index This chart shows that global IPOs overall have performed similarly with the overall global equity market. Image: Wells Fargo Investment Institute
MSCI ACWI Index and Companies Run by Billionaires Are billionaires the best corporate leaders and victims of bias in the media? Image: Financial Times
MSCI ACWI Returns vs. Global Bond Returns This chart shows that global bond returns are outpacing stocks. Image: Financial Times
MSCI ACWI – Global Equities Breadth This interesting chart suggests that a new bull market is underway in global equities. Image: Topdown Charts