Indexed Return of Cyclicals vs. Defensives ex. Commodities and ISM Manufacturing Index Equity industry rotations are pricing in a soft landing. Image: Goldman Sachs Global Investment Research
MSCI Cyclicals/Defensives Ratio Is it still too early for investors to favor cyclicals over defensives? Image: The Daily Shot
ISM Manufacturing PMI vs. Cyclicals/Defensives Ratio Could the ISM Manufacturing PMI fall into contraction territory? Image: The Daily Shot
Cyclical/Defensive Equities Ratio vs. 10-Year Treasury Yield The 10-year U.S. Treasury yield and the cyclicals/defensives ratio have decoupled. Image: Morgan Stanley Research
Cyclical to Defensives Stock Ratio and U.S. 10-Year Bond Yield The cyclical/defensives stock ratio points to economic weakness. Image: Morgan Stanley Research
Relative Valuations – Defensive Value vs. S&P 500 Defensive value continues to outperform and looks cheaper than the S&P 500. Image: Topdown Charts
Cyclicals vs. Defensives and 10-Year Breakeven Does stagflation pose a threat to markets? Image: Goldman Sachs Global Investment Research
Cyclical Value vs. Defensive Value Energy and financials are expected to outperform the S&P 500 as the recovery continues. Image: Topdown Charts
Stocks – Global Cyclical Relative to Defensive Sectors vs. U.S. 10-Year Yields Is now the time for defensive stocks? Image: Longview Economics
Cyclicals/Defensives vs. ISM Manufacturing PMI Should investors favor defensive stocks for the rest of the year? Image: Nordea and Macrobond