Fiscal Policy – U.S. Fiscal Response to Coronavirus and Global Financial Crisis This chart puts into perspective the massive U.S. fiscal response to the coronavirus pandemic in 2020. Image: Goldman Sachs Global Investment Research
Energy and Financials Stocks vs. Healthcare and Tech Stocks This chart highlights the polarization in sector dominance (not investment advice). Image: BofA Global Investment Strategy
VIX – 2020 Coronavirus Crisis vs. Global Financial Crisis The coronavirus crisis saw the VIX spiked much quicker than during the global financial crisis, and is normalizing more quickly as well. Image: J.P. Morgan Equity Derivatives Strategy
% GDP Loss from Peak to Trough – Coronavirus Crisis vs. Global Financial Crisis The peak-to-trough decline in the United States. and Euro Area, is likely to be more than double that of the global financial crisis. Image: Deutsche Bank Research
Non-Financial Corporate Bond Debt Chart showing the corporate bond debt due within the subsequent three years. Is this where the next debt crisis will begin? Image: Financial Times
Private Non-Financial Debt Service Ratios Relative To Income Lower interest rates make debt more sustainable. What matters is the debt service cost.
Global Investment Research Financial Excess Monitor and Recessions The heat map suggests below-average imbalances in the U.S. economy. Image: Goldman Sachs Global Investment Research
Financial Stress Index and Financial Conditions Index If financial conditions tighten sharply, this suggests a coming slowdown or recession. Currently, the St. Louis Financial Stress Index and the Chicago Fed National Financial Conditions Index are at lowest and below zero. The average value of the St. Louis Financial Stress Index is designed to be zero since…
Chicago Fed National Financial Conditions Index and Recessions This indicator provides an update on U.S. financial conditions in money markets, debt, equity markets and the traditional & “shadow” banking systems. If financial conditions tighten sharply, this suggests a coming slowdown or recession.
Effect of Financial Conditions on U.S. Real GDP Growth Chart suggesting an improvement of U.S. real GDP growth in 2020, as the impulse from financial conditions turns positive. Image: Goldman Sachs Global Investment Research