Demographics and U.S. 10-year Treasury Yield

Demographics and U.S. 10-year Treasury Yield The trend in global savings has turned. The chart suggests that the dis-saving phase is likely to be inflationary. Picture source: Gavekal, Macrobond

Demographics – Dow Jones and Generational Peaks

Demographics – Dow Jones and Generational Peaks This chart shows that generational peaks are associated with major market tops. GenX peaked in 2018 and Millennials don’t peak until 2038. Picture source: Fundstrat Global Advisors, LLC

Demographics – Forecasting U.S. GDP

Demographics – Forecasting U.S. GDP This chart suggests that aging population is weighing down growth. Picture source: Arbor Research & Trading LLC

Demographics – Old Age Dependency Ratio

Demographics – Old Age Dependency Ratio The world’s population is ageing and demographics explain low interest rates. Picture source: Arbor Research & Trading LLC

Valuation and Demographics

Valuation and Demographics Our world is aging with high levels of debt and low interest rates, maybe for a long time. The chart shows that an aging population affects yields. You may also like “Debt and Demographics.” Picture source: Fidelity Investments

Demographics Explain Sovereign 30-Year Yields Accross Emerging Markets

Demographics Explain Sovereign 30-Year Yields Accross Emerging Markets Another great chart showing that emerging market demographics explain 30-year sovereign bond yields. An R² of 0.80 is quite high and significant. You may also like “U.S. Population Growth vs. U.S. 10-Year Treasury Bond Yield.” Picture source: Arbor Research & Trading LLC

Debt and Demographics

Debt and Demographics Our world is aging with high levels of debt and low interest rates (maybe for a long time). Picture source: Fidelity Investments