Stocks – China Credit Impulse and China Stock Prices Relative to EM (Leading Indicator) China credit impulse tends to lead Chinese stock prices relative to EM by one month. Image: Alpine Macro
S&P 500 and U.S. HY vs. IG Credit No credit deterioration is an overall positive sign for the U.S. bull market, as credit tends to lead equities. Image: KKR & Co.
China’s Credit Impulse as % of GDP Investors should be pleased as Chinese credit impulse is expected to rise. Image: Morgan Stanley Research
China Credit Impulse Investors should be pleased as Chinese credit stimulus is on the way. Image: Alpine Macro
China Credit Impulse and Global Exports, China M1 and Industrial Commodity Prices (Leading Indicators) China credit impulse tends to lead global exports by 12 months. Image: Alpine Macro
G3 Credit Impulse and Global Manufacturing PMI (Leading Indicator) G3 credit impulse tends to lead global manufacturing PMI by 12 months. Image: Nordea and Macrobond
G3 Credit Impulse and MSCI ACWI vs. 10-Year UST (Leading Indicator) Is it time to switch to defensives? Image: Oxford Economics
Commodities vs. China Credit Impulse Commodities look expensive vs. China credit impulse. Image: Morgan Stanley Wealth Management
China Credit Impulse and Commodities (Leading Indicator) China credit impulse tends to lead commodity prices by 12 months. Image: Nordea and Macrobond
China Excess Reserve Ratio and Credit Impulse (Leading Indicator) Investors should be pleased as Chinese stimulus is on the way. Image: BCA Research