Global PMI Breadth

Global PMI Breadth Global PMI breadth is very impressive and encouraging. Image: Topdown Charts

Number of New Coronavirus Cases, China ex-Hubei

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

Money Supply and Inflation

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