Demographics – U.S. Population Aging and Pension Demand for Bonds This chart suggests that U.S. pension demand for bonds is going to increase, as the proportion of 65+ rises. Image: Oxford Economics, Macrobond
Investor Sentiment – Fear & Frenzy Index Investor sentiment is very optimistic, despite raging inflation. Image: True Insights
Global PMI Breadth Global PMI breadth is very impressive and encouraging. Image: Topdown Charts
Coronavirus – U.S. COVID-19 Cases, Hospitalization Rate and Vaccination Rate U.S. COVID-19 data is encouraging, as new daily infections and hospitalizations are declining. Image: Morgan Stanley Wealth Management
Coronavirus – Daily Deaths from COVID-19 in the U.S. and Currently Hospitalized due to COVID-19 Both of these graphs show encouraging signs in the United States, as the growth in new COVID-19 cases continues to decline. Image: BofA Global Research
Number of New Coronavirus Cases, China ex-Hubei A continued decline in the number of new coronavirus cases from China ex-Hubei province is encouraging. Image: Pantheon Macroeconomics
Demographics – Share of Population Aged 65 and Over While global population is aging, the population in Europe is aging rapidly. Image: Financial Times
Flows into ETFs and Mutual Funds (Passive vs. Active) Mutual funds exhibit persistent outflows explained by aging and fees, while inflows into ETFs continue to rise. Image: Arbor Research & Trading LLC
Money Supply and Inflation Aging is inflationary when caused by a decline in birth rate, and deflationary when caused by an increase in longevity. If the money supply grows faster than real output, then it causes inflation. And if there is a structural bottom for commodities and inflation, value could outperform growth. Image: Fidelity Investments
U.S. Demographics – Portfolio Allocation to Equities Chart suggesting that the average U.S. investor will move from holding 59% in equities to 56% by 2031, due to aging. Image: Arbor Research & Trading LLC