U.S. Dollar Index and Purchasing Power Parity Fair Value
U.S. Dollar Index and Purchasing Power Parity Fair Value According to the measure of Purchasing Power Parity fair value, the U.S. dollar is very overvalued. Image: BCA Research
U.S. Dollar Index and Purchasing Power Parity Fair Value According to the measure of Purchasing Power Parity fair value, the U.S. dollar is very overvalued. Image: BCA Research
Oil Prices – Fair Value as a Function of the U.S. Dollar and Global Growth How long will oil prices continue to deviate from fair value? Image: Deutsche Bank
S&P 500 DDM-Implied Fair Value Goldman Sachs forecasts the U.S. 10-year Treasury yield at 1.6% by the end of 2021 and the S&P 500 to reach 4,700 (base case scenario). Image: Goldman Sachs Global Investment Research
U.S. 10-Year Treasury Yield and Fair Value Model How much lower can bond yields go before they bottom? Image: Alpine Macro
S&P 500 “Fair Values” According to ISM Levels If the ISM drops to 50 by the end of 2021, the “fair value” of the S&P 500 would be 3730. Image: Nordea and Macrobond
Real Effective U.S. Dollar and Fair Value Is the recent weakness of the U.S. dollar the beginning of a large move? Image: Alpine Macro
Small Caps Valuation – Russell 2000 “Fair Value” Is the massive outperformance of small caps coming to an end? Image: Morgan Stanley Research
Actual and Fair Value Estimate of the S&P 500 Index Level The fair value model from J.P. Morgan sees upside for the S&P 500 in 2021. Image: J.P. Morgan
U.S. 10-Year Treasury Fair Value Adjusted for QE A potential “blue wave” could add fuel to the bear steepening in the U.S. Treasury curve. Image: Oxford Economics
U.S. Dollar Index vs. Medium-Term Fair Value The U.S. dollar continues to be below medium-term fair value levels over the business cycle. Image: BofA Global Research