Strong vs. Weak Balance Sheet Companies and Growth vs. Value Chart showing the good correlation between strong vs. weak balance sheet companies and growth vs. value. Image: Goldman Sachs Global Investment Research
Global Equity Market Sentiment vs. Change in G4 Central Bank Balance Sheets In 2013 and 2016, the expansion of central bank balance sheets contributed to improved market sentiment. Image: Nomura
Companies with Strong Balance Sheet vs. Companies with Weak Balance Sheet Companies with strong balance sheet have outperformed companies with weak balance sheet. Typically, companies with weak balance sheet invest less. Image: Goldman Sachs Global Investment Research
Central Bank Balance Sheet Expansion and Local Stock Returns Central bank balance sheet expansion matters, but not as much as investors think. Image: Jeroen Blokland
Global Central Bank Balance Sheet Growth and Quantitative Easing BofA suggests that global central bank balance sheets will peak at $879bn in September 2020. Image: BofA Global Investment Strategy
Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research
Global Central Bank Balance Sheets Global central bank balance sheets have grown to $21 trillion, roughly equivalent to the GDP of the United States. Image: Real Investment Advice
Global Growth, Equity Rally and Fed Balance Sheet This chart suggests that economic data is the driving force behind the equity rally, not the Fed’s balance sheet. Image: Arbor Research & Trading LLC
Small Caps: Russell 2000 vs. MSCI USA Select Strong Balance Sheet Index Chart suggesting that it makes sense to avoid balance sheet risk in U.S. small caps. Image: Societe Generale Cross Asset Research
U.S. Asset Correlations and Fed Balance Sheet Trends The correlations between U.S. asset returns and Fed balance sheet growth are generally inconsistent and dimishing over time. Image: J.P. Morgan