Valuation – MSCI World 12-Month Forward P/E

Valuation – MSCI World 12-Month Forward PE The stock’s valuation has fallen considerably in recent weeks, but is not at crisis levels. Image: Goldman Sachs Global Investment Research

OECD Unemployment Rate and MSCI World

OECD Unemployment Rate and MSCI World As the chart suggests, very low unemployment isn’t usually great for stocks returns. Image: Morgan Stanley Research

Price Relative of MSCI World vs. Emerging Markets ex-China

Price Relative of MSCI World vs. Emerging Markets ex-China Emerging markets ex-China benefit from modernization potential, favorable demographics, and attractive valuations for the long term, according to BofA. Image: BofA Global Research

U.S. Dollar Liquidity vs. MSCI World

U.S. Dollar Liquidity vs. MSCI World U.S. dollar liquidity should continue to grow this year and support global equity markets. Image: Saxo Bank

MSCI World vs. Global Composite PMI

MSCI World vs. Global Composite PMI Global stock markets are very optimistic, as soft and hard indicators suggest that the global slowdown may have bottomed out. Image: Morgan Stanley Research

U.S. Dollar and S&P 500 vs. MSCI World ex-U.S.

U.S. Dollar and S&P 500 vs. MSCI World ex-U.S. BofAML suggests that the outlook for the U.S. dollar remains bullish into 2020, but if the S&P 500 is to top out relative to the rest of the world, then the U.S. dollar would likely weaken. Image: BofA Merrill Lynch Global Research

MSCI World Value vs. Growth

MSCI World Value vs. Growth Chart showing the record outperformance of Growth vs. Value since the Great Financial Crisis. Image: Goldman Sachs Global Investment Research