Best First Half for U.S. Equities and U.S. Bonds since 1995 Since 1995, it is the best first half for U.S. equities and U.S. long bonds, despite the challenge of low bond yields. Picture source: Financial Times
European Equities Lead Bund Yields by 6 Months Because European equities tend to lead bund yields by 6 months, bund yields should turn higher. Picture source: Reuters
The Great Re-allocation from Equities to Bonds Continues Since the end of 2018, S&P 500 ETFs have seen outflows, while long Treasury ETFs have seen inflows. Picture source: Macrobond and Nordea
Global Equities Are Pricing In A Global Recovery This chart shows that global equities tend to move ahead of changes in world trade volumes, with a two-month lag. Global equities are pricing in a global recovery, not global trade wars. Picture source: Absolute Strategy Research
AAII Survey Bullish Votes, Sentix Bullish Votes US Equities, vs. S&P 500 since 2017 Low AAII Sentiment Survey bullish votes of 24.71%, and low Sentix bullish votes for US equities of 12.84%, have corresponded with positive forward returns. Picture source: Sentix, Bloomberg Finance L.P.
