Volatility Divergence – VIX vs. MOVE

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

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

S&P 500 EPS vs. U.S. NIPA Corporate Profits This chart puts into perspective the wide divergence between S&P 500 EPS and U.S. NIPA corporate profits. Image: BofA Research Investment Committee

Asset Price Inflation and “Real Economy” Inflation

Asset Price Inflation and “Real Economy” Inflation Persistent low interest rates could explain the wide divergence between asset prices and real economy prices, over the past decade. Image: Goldman Sachs Global Investment Research

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings Is there a potential risk? Chart showing the wide divergence between the S&P 500 forward P/E and the U.S. dollar. Image: Morgan Stanley Wealth Management