Cyclical Stocks – Russell 2000 / Nasdaq 100 and U.S. 10-Year Real Yields Chart suggesting that the stock rotation should continue as cyclical stocks perform better from higher interest rates and better growth. Image: Morgan Stanley Research
U.S. Election Blue Wave – Russell 2000 vs. Nasdaq 1000 Futures and U.S. 10-Year Treasury Yield The blue wave trades collapsed after President Trump’s victory in Florida. Image: BofA Research Investment Committee
Valuation – S&P 500, Nasdaq 100, S&P 400 MidCaps and S&P 600 SmallCaps without Quantitative Easing (QE) Chart suggesting that without QE, the S&P 500 should be around 1,800 and the Nasdaq 100 around 5,000. Image: Societe Generale Cross Asset Research
Nasdaq 100 The Nasdaq 100 is rising, as a Democratic government won’t likely be able to regulate big tech companies. Image: The Daily Shot
Nasdaq vs. Nasdaq Volatility Index The Nasdaq Volatility Index and the Nasdaq tend to move in opposite directions. As the Nasdaq Volatility Index is raising, it is a warning signal. Image: The Daily Shot
S&P 500 Index and Nasdaq 100 Index, Six-Month Correlation The Nasdaq 100 Index correlation to the S&P 500 Index is falling. Image: Morgan Stanley Wealth Management
Nasdaq Outperformance Over S&P 500 Will the Nasdaq continue to outperform the S&P 500? Image: Morgan Stanley Wealth Management
Nasdaq Futures Net Short Speculative traders boosted their net short positions in the Nasdaq to the highest levels since 2008. Image: Morgan Stanley Wealth Management
Volatility – Nasdaq 3-Day Sigma Move Is the selloff over for now? Image: BofA Global Research
Nasdaq Volatility As the chart shows, the volatility of the Nasdaq has been particulary high. Image: Goldman Sachs Global Investment Research