Search Results for: expansion

The Longest U.S. Economic Expansion The longest U.S. economic expansion on record may see its end due to coronavirus spread. Image: Oxford Economics

Odds of Various S&P 500 One-Year Total Returns During U.S. Economic Expansions This chart suggests the probability of positive one-year market returns when the U.S. economy is expanding. Image: Investment Strategy Group, Bloomberg

Central Bank Balance Sheet Expansion and Local Stock Returns Central bank balance sheet expansion matters, but not as much as investors think. Image: Jeroen Blokland

S&P 500 Annual Return: Dividends, Earnings Growth and Multiple Expansion In 2019, the S&P 500 rose 31.5%. 26.9% came from multiple expansion, 2.6% from dividends, and 2.0% from earnings growth. Historically, S&P multiples contract or remain flat following years of big multiple expansion. Image: Richardson GMP

Valuation Expansion: Year-Over-Year Change in S&P 500 Forward P/E This chart suggests that investors shouldn’t expect valuation expansion this year. Image: BofA US Equity & Quant Strategy

U.S. National Housing Expansion Length The current recovery in housing is in its 9th year. How long will it last? Image: John Burns Real Estate Consulting

S&P 500 Return: Earnings Growth vs. Multiple Expansion Multiple expansion explains the S&P 500’s impressive total return of 31.49% in 2019, despite muted earnings. Image: Strategas

U.S. Real GDP Growth During Expansions The current business cycle is the longest, but it’s far from being the best. Image: Bloomberg

U.S. Economic Expansion The current economic cycle is the longest on record, but the weakest of the post-WWII era. Image: Wells Fargo Securities International Limited

Average Monthly Return During Global Manufacturing PMI Expansion Phases Since August 15 2019, the rotation performance has been higher than average during global manufacturing PMI expansion phases. Image: Goldman Sachs Global Investment Research