U.S. Market Liquidity – 3-Day Rolling E-mini Future Median Top-of-Book Depth and Width U.S. market liquidity remains below average levels. Image: Goldman Sachs Global Investment Research
Earnings Forecasts – U.S., Developed International and Emerging Markets Earnings are expected to rise substantially in 2021, as the global economy continues to recover from the coronavirus pandemic. Image: LPL Financial LLC
Probability of U.S. Recession Calculated from the Yield Curve The probability of U.S. recession over the next 12 months, calculated from the yield curve, decreased to 15.9% in November. Image: Federal Reserve Bank of Cleveland
Flow – U.S. Value Stocks Second largest 3-week inflow ever to value stocks. Should investors forget growth stocks? Image: BofA Global Investment Strategy
U.S. Fund Flows (YTD Cumulative) U.S. equity funds have seen inflows over the past few weeks, but there is still a lot of cash on the sideline. Image: Goldman Sachs Global Investment Research
Flow – U.S. Small Cap Stocks U.S. small cap stocks are soaring, as positive news on a COVID-19 vaccine has fueled optimism about an economic recovery next year. Image: BofA Global Investment Strategy
U.S. Stock Market Bull and Bear Indicator Using multiple financial data, this great model helps investors navigate through different market conditions. It suggests whether the U.S. stock market tendency is bullish, bearish or neutral. A bullish signal suggests that the U.S. stock market may go up, while a bearish signal suggests that the U.S. stock…
Central Banks and U.S. Financial Conditions Index (FCI) If the Fed, the ECB and the BoE wait until 2025 before raising rates, financial conditions should remain very easy. Image: Goldman Sachs Global Investment Research
Gold Price vs. U.S. 10-Year Real Rates (Using Breakeven Inflation Rate) Pictet expects gold prices to reach new highs to US$2,150/oz in the next 12 months. Image: Pictet Wealth Management
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