Search Results for: cyclical

24-Month Fwd P/E Discount of World Cyclicals vs. Defensives World Cyclicals are still trading at a discount vs. Defensives. Image: Goldman Sachs Global Investment Research

Valuation – Shiller’s Cyclically-Adjusted Price-To-Earnings (CAPE) Ratio Historically, U.S. stock market crashes have tended to follow liquidity-fueled booms. Image: Financial Times

U.S. Cyclicals vs. Defensives and U.S. 10-Year Breakeven Will U.S. cyclicals continue to lag behind rising U.S. inflation expectations? Image: Goldman Sachs Global Investment Research

MSCI Cyclicals/Defensives Ratio Is the peak near? Image: The Daily Shot

U.S. Equities – Cyclicals/Defensives, Low/High Quality, Small/Large Is the shift in market leadership a warning sign about the reopening of the economy? Image: Morgan Stanley Research

Cyclical Stocks – PMI YoY Change and Industrials vs. Market Will cyclical stocks lead markets higher as the economy recovers? Image: Morgan Stanley Wealth Management

S&P 500 Cyclicals vs. Defensives Should investors expect temporary inflation spikes during the recovery and favor large tech stocks? Image: BofA Global Research

Outperformance of Procyclical Styles – Current Rotation vs. History Investors are pricing a cyclical recovery. Image: Morgan Stanley Research

Equity Risk Premium – S&P 500 Cyclically-Adjusted Earnings Yield and 10-Year Treasury Yield The equity risk premium suggests that U.S. equities remain attractive relative to bonds. Image: Alpine Macro

Valuation – Cyclical Adjusted P/E Ratio – MSCI U.S. vs. MSCI World Ex-U.S. Are global equities ex-U.S. a bargain? Image: Gavekal, Macrobond