S&P 500 Cash Balances and Debt Levels

S&P 500 Cash Balances and Debt Levels During the past 12 months, non-financial S&P 500 cash balances have declined by -11% and debt levels have inflected higher by +9%. Image: Goldman Sachs Global Investment Research

S&P 500 Index and Margin Debt

S&P 500 Index and Margin Debt Could the level of margin debt in U.S. equity markets presage a market pullback? Image: Morgan Stanley Wealth Management

Ratio of General Government Gross Debt to GDP

Ratio of General Government Gross Debt to GDP At the global level, the measures taken by governments to respond to the impact of the coronavirus crisis amounted to $12 trillion. Image: CNBC

Global Debt Is Surging

Global Debt Is Surging Rising debt levels and growing overvaluation of assets increase the risk of financial disruption in the future. Image: Deutsche Bank Research

Advanced Economies Debt/GDP

Advanced Economies Debt/GDP The coronavirus pandemic could bring the debt-to-GDP ratio of advanced economies to World War II levels. Image: Deutsche Bank

Central Bank Ownership of Domestic Government Debt

Central Bank Ownership of Domestic Government Debt This chart shows the rise of central banks as holders of sovereign debt, pushing sovereign yields to historically low levels. Image: Deutsche Bank Global Research

FINRA Margin Debt and 12-Month Z-Score

FINRA Margin Debt and 12-Month Z-Score The 12-month z-score for margin debt dropped to its deepest oversold level since October low, which is a contrarian bullish signal for stocks. Image: BofA Global Research

Federal Debt Held by Public and Annual U.S. Deficit

Federal Debt Held by Public and Annual U.S. Deficit The U.S. budget deficit may quadruple in 2020 to almost $4 trillion, and the stimulus will take the U.S. national debt to wartime levels. Image: Bloomberg