Emerging Markets Credit Growth
Emerging Markets Credit Growth Chart showing that credit growth in most emerging markets is still growing at a sustained pace. Image: Oxford Economics
Chinese Credit Growth and OECD Leading Indicator for China
Chinese Credit Growth and OECD Leading Indicator for China Chinese Credit growth rebounded in September and suggests stronger activity on the horizon. The OECD leading indicator for China picked up further at the highest level since 2017. Image: Danske Bank Research
China Property Sales and Total Credit Growth
China Property Sales and Total Credit Growth According to Gavekal, Chinese monetary policy is still in a moderate “selective easing” mode. Image: Gavekal, Macrobond
U.S. Credit Impulse as % of GDP vs. U.S. Private Domestic Demand Growth
U.S. Credit Impulse as % of GDP vs. U.S. Private Domestic Demand Growth Credit growth in the U.S. has historically been a good indicator of underlying GDP growth. Image: Deutsche Bank
China Credit Impulse and Corporate Financing Index
China Credit Impulse and Corporate Financing Index China credit impulse is weakening as Beijing orders banks to limit loan growth for rest of the year. Image: Alpine Macro
U.S. Consumer Credit
U.S. Consumer Credit The current downtrend in US consumer credit impulse could suggest a scenario of slowing growth this year. Image: Macrobond Financial
Buyback Contribution to EPS Growth
Buyback Contribution to EPS Growth Buybacks constitute a very important part of the earnings payout. Without them, there is no EPS growth. Image: Credit Suisse Research
U.S. ISM Manufacturing Index and U.S. GDP Growth
U.S. ISM Manufacturing Index and U.S. GDP Growth This chart shows the correlation between the U.S. ISM Manufacturing Index and U.S. GDP growth. Image: Credit Suisse Research
Top 5 vs. S&P 500 ex-Top 5 – YoY Contribution of EPS and P/E to Returns
Top 5 vs. S&P 500 ex-Top 5 – YoY Contribution of EPS and P/E to Returns The performance gap could widen further, as the top 5 largest stocks in the S&P 500 are superior on almost every financial metric (revenue, profit growth, margin structure, volatility and corporate leverage). Image: Credit Suisse Research
U.S. Equities and Global Equities ex-U.S.
U.S. Equities and Global Equities ex-U.S. This chart suggests that higher yields could cause great rotation from bonds to stocks, US equities to non-US equities, growth to value, large caps to small caps, tech stocks to bank stocks, credit to commodities,… Image: BofA Global Investment Strategy