U.S. Economic Cycles Since 1854

U.S. Economic Cycles Since 1854 This chart puts into perspective the current U.S. economic cycle. Picture source: Societe Generale Cross Asset Research

U.S. Equity Volatility and Global Economic Policy Uncertainty

U.S. Equity Volatility and Global Economic Policy Uncertainty The chart shows that U.S. equity volatility does not mirror global economic policy uncertainty since 2009, perhaps due to strong central bank support. Picture source: Pictet Wealth Management

Citi Economic Surprise Index and S&P 500

Citi Economic Surprise Index and S&P 500 The Citi Economic Surprise Index has risen sharply, but it has an inconsistent history in terms of its correlation with the S&P 500. It is a cyclical indicator: high readings suggest favouring defensives over cyclicals, and low readings suggest favouring cyclicals over defensives. Picture source: Renaissance Macro

Leading Economic Indicators (LEI): U.S. vs. Global

Leading Economic Indicators (LEI): U.S. vs. Global Leading economic indicators appear to be stabilizing, outside the United States. The central banks’ policy response could have a positive knock-on effect on global growth. Picture source: Legg Mason