Performance – U.S. vs. Developed Market (Ex-U.S.) Relative Returns How long will U.S. equities continue to outperform developed market equities (ex-U.S.)? Image: BofA Global Investment Strategy
Valuation – CAPE Ratio of Major Developed Market Equities U.S. equities are at significantly higher valuations than international equities. Image: Deutsche Bank
2020 Stimulus as % of GDP – Emerging Markets vs. Developed Markets The 2020 stimulus is massive, especially in developed markets Image: BofA Global Investment Strategy
Emerging Market Equities vs. Developed Markets Equities Emerging market equities have underperformed their developed market counterparts. Image: Credit Suisse Research
U.S. vs. Developed Market Equities (ex-US) Price Relative This chart shows the dominance of the U.S., as the U.S. stock market has grown bigger than the rest of the world’s stock market. Image: BofA Global Investment Strategy
Stocks – U.S. Relative to Developed Markets Excluding U.S. Chart suggesting that the structural outperformance of U.S. stocks is vulnerable to an industrial recovery. Image: BCA Research
Valuation – Emerging Market and Developed Market Countries – PE10 vs. 10-Year Forward Returns Valuation matters over time in the stock market. This chart shows the PE10 vs. subsequent 10-year CAGR (Compound Annual Growth Rate). Image: Topdown Charts
Tracking Developed Markets Inflation More developed markets are missing their inflation goals. Image: Macrobond Financial
Emerging Markets vs. Developed Markets Growth Differential Chart suggesting that the bull cycle usually drives emerging markets. Image: Goldman Sachs Global Investment Research
Median Developed Market Debt to GDP The total debt to gross domestic product is going back to 1865 for 12 developed countries. Image: Deutsche Bank