Euro to U.S. Dollar (EUR/USD) and 10-Year Spread (Leading Indicator) The 10-year spread (Euro vs. U.S. dollar swap rates) tends to lead EUR/USD by 22 days. Image: Nordea and Macrobond
U.S. Equity Funds Split Between Active and Passive Strategies Can active funds beat passive funds in a recovering U.S. economy? Image: Financial Times
Weekly U.S. Equity Fund Flows This week, inflows into U.S. equity funds and ETFs. Image: BofA Global Research
1-Year Correlation – S&P 500 vs. U.S. Dollar Index How long will the negative correlation between the S&P 500 and the U.S. dollar persist? Image: Morgan Stanley Research
Flows for the Broad U.S. Asset Classes: Bonds and Stocks This week, inflows into bonds and stocks (U.S. domiciled funds only). Image: BofA Global Research
AAII U.S. Investor Sentiment Bull – Bear Spread Are stocks calling for caution, as U.S. individual investors are extremely bullish? Image: The Daily Shot
7-10 Treasuries Total Return Index / Gold in U.S. Dollar Gold tends to beat U.S. Treasuries on inflationary fears. Image: Gavekal, Macrobond
Global Stocks (MSCI ACWI ex-U.S.) – Global Equity Prices Excluding U.S. Stocks Global stocks ex-U.S. remain below pre-Global Financial Crisis highs. Image: BofA Global Investment Strategy
U.S. GDP Forecast – Return to Pre-COVID-19 GDP Path Morgan Stanley expects U.S. GDP to reach its pre-COVID-19 GDP trend by 3Q21 and then rise above it. Image: Morgan Stanley Research
U.S. Treasuries Seasonality Historically, U.S. 10-year yields tend to drop on average from May to November. Image: Nordea and Macrobond