Major Economies Central Banks Total Assets and MSCI ACWI Chart suggesting that central banks stimulus would support financial markets in 2020 (R = 0.95 since 2009). Image: BofA Merrill Lynch Global Research
Bull Market: Percentage of Assets With Returns Lower Than T-Bills 2019 was a ‘bull market in everything’. Should investors be worried? Image: Goldman Sachs Global Investment Research
Valuation – Real Assets vs. Financial Assets Chart suggesting that real assets are at all-time lows relative to financial assets. Image: BofA Merrill Lynch Global Investment Strategy
2019 Assets Performance 92% of more than 300 assets across equities, commodities, FX and credit are up this year, compared to less than 20% in 2018. Image: BofA Merrill Lynch
Valuation and Global Asset Price Cycle Interesting chart showing the current average overvaluation estimates across equities, bonds and house prices in major advanced economies. Image: Oxford Economics
Asset Class Quilt of Total Returns This table shows that betting on last year’s winner rarely works out. Image: BofA Merrill Lynch Global Research
Global Supply of Safe Assets by Country – Shortage of Government Bonds The global shortage of government bonds is going to get worse and could keep yields low or negative. Image: Financial Times
Risky Assets Performance and Global Manufacturing PMI Interesting chart suggesting that risky assets are currently following the typical path when global growth is bottoming. Image: J.P. Morgan Asset Management
Rotation from Safe to Risky Assets The market is rotating. The chart clearly shows the big rotation taking place from “safe” to “risky” assets since mid-August 2019. Image: Goldman Sachs Global Investment Research
North America Private Equity Assets Private equity keeps on growing and now represents an important part of the economy. Image: Financial Times