U.S. Economic Cycles Since 1854

U.S. Economic Cycles Since 1854 This chart puts into perspective the current U.S. economic cycle. Picture source: Societe Generale Cross Asset Research

U.S. Business Cycle Indicator

U.S. Business Cycle Indicator Morgan Stanley’s cyclical indicator is still in “downturn.” The entry into the “downturn” phase suggests lower returns for stocks and risky assets. Picture source: Morgan Stanley Research

Earnings Growth and the Fed Cycle

Earnings Growth and the Fed Cycle Analysts remain optimistic on 2020. This chart shows the expected earnings growth over the next 12 months. Picture source: Fidelity Investments

ISM Manufacturing Index Surrounding FED Easing Cycles

ISM Manufacturing Index Surrounding FED Easing Cycles The chart shows that the trend of the ISM Manufacturing Index is quite similar to past cycles before first Fed rate cut. Picture source: Deutsche Bank

EPS Growth This Cycle

EPS Growth This Cycle This chart shows the exceptional earnings growth in the technology sector over this business cycle. Picture source: KKR Global Macro