Search Results for: divergence

Volatility Divergence – VIX and MOVE The volatility divergence between VIX and MOVE remains elevated. Image: Gavekal, Macrobond

China GDP – Longer-Term Growth Divergence Between China and the Rest of the World The divergence between China and the rest of the world is expecting to increase over time. Image: Deutsche Bank

Volatility Divergence – VIX vs. MOVE When MOVE is below the 50th percentile and VIX is above the 80th percentile, the average annualized S&P 500 price performance has been close to +21% compared to just over +7% the rest of the time. Image: Bloomberg

U.S. Stocks and U.S. Bonds: Returns Following Fund Flow Divergence In 2019, bond fund flows outpaced stock fund flows. The difference is the largest ever recorded ($588bn). Image: BlackRock Investment Institute

Divergence Between the 2-Year U.S. Treasury Yield and the U.S. Dollar Trump wants a weaker US dollar, but could the dollar weaken in the coming months? Image: Legg Mason

Tech Stocks – G3 Central Bank Balance Sheet vs. Nasdaq 100 Will the recent divergence between central bank liquidity and the performance of tech stocks continue? Image: BofA Global Investment Strategy

Percentage of S&P 500 Stocks Above 200-Day Moving Average The percentage of S&P 500 stocks above 200-day moving averages is at risk for a bearish divergence. Image: BofA Global Research

PMI vs. Equity Risk Premium The divergence between the ISM PMI and the equity risk premium is significant. Image: Morgan Stanley Research

EM Currencies vs U.S. Dollar – Market Breadth The bullish breadth divergence suggests a potential upside among EM currencies. Image: Topdown Charts

Gold and the Misery Index The divergence between gold and the misery index is widening. Image: BofA Global Research