Inflation, Hard Data and Soft Data

Inflation, Hard Data and Soft Data Hard data are back above long-run averages. But the chart clearly shows the divergence between hard data and soft data. Picture source: Arbor Research & Trading LLC

U.S. Hard Data and Soft Data

U.S. Hard Data and Soft Data U.S. hard data is improving. But the chart still shows the large divergence between U.S. hard data and soft data. Picture source: Arbor Research & Trading LLC

MSCI Eurozone vs. MSCI U.S.

MSCI Eurozone vs. MSCI U.S. This chart shows the large divergence between the MSCI Eurozone Index and the MSCI U.S. Index. Is this an opportunity to increase exposure to eurozone equities? Picture source: Financial Times

U.S. Debt and Demographics

U.S. Debt and Demographics This interesting chart clearly shows the large divergence between U.S. debt and demographics. Picture source: Fidelity Investments

S&P 500 Buyback Index vs. S&P 500 Total Return Index

S&P 500 Buyback Index vs. S&P 500 Total Return Index This chart clearly shows the large divergence between the S&P 500 Buyback Index and the S&P 500 Total Return Index. Picture source: Real Investment Advice

U.S. Industrial Production and GDP

U.S. Industrial Production and GDP This chart clearly shows the divergence between U.S. industrial production and GDP, since the financial crisis. Picture source: Gavekal, Macrobond

S&P 500 EPS vs. U.S. Nonfinancial Corporate Profits

S&P 500 EPS vs. U.S. Nonfinancial Corporate Profits Creative accounting is imaginative ways to present accounts. The divergences between earnings and U.S. nonfinancial corporate profits occur before recessions. Picture source: Gavekal, Macrobond