Search Results for: defensive

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

U.S. Cyclicals vs. Defensives and Brent U.S. cyclicals vs. defensives diverged significantly from the price of Brent in January. Image: Goldman Sachs Global Investment Research

Cyclical to Defensives Stock Ratio and U.S. 10-Year Bond Yield The cyclical/defensives stock ratio still suggests higher bond yields. Image: Morgan Stanley Research

Cyclical/Defensive Equities Ratio vs. 10-Year Treasury Yield The rise in the cyclical/defensive equities ratio still suggests a rise in 10-year yields. Image: Morgan Stanley Research

Stocks – Cyclicals vs. Defensives Cyclical stocks are expected to outperform defensive stocks from an improving economy. Image: Goldman Sachs Global Investment Research

Cyclicals/Defensives vs. ISM Manufacturing PMI Cyclical stocks tend to outperform defensive stocks during periods of economic strength. Image: Nordea and Macrobond

Cyclical Stocks – World Cyclicals vs. Defensives Around Bear Markets Cyclicals have recovered vs. defensives, in line with the average recovery, but they have lagged the post-GFC recovery. Image: Goldman Sachs Global Investment Research

Median Cyclicals vs. Defensives YoY Return Since 1990 Cyclicals tend to outperform Defensives during periods of economic strength. Image: Goldman Sachs Global Investment Research

Cyclical/Defensive Ratio vs. U.S. Recessions Cyclicals tend to outperform during periods of economic strength. Image: Variant Perception Research

Cyclicals vs. Defensives and Inflation 5y/5y Forward Cyclicals tend to outperform when inflation expectations rise. Image: Goldman Sachs Global Investment Research