Sentiment – Global PMI and Risk Appetite Indicator The GS risk appetite indicator remaining elevated suggests that investors have a high appetite for risk in the financial markets. Image: Goldman Sachs Global Investment Research
Global PMI and MSCI AC World YoY Total Return Performance Should investors expect a sharp slowdown in global activity? Image: Goldman Sachs Global Investment Research
Global PMI Breadth Global PMI breadth is very impressive and encouraging. Image: Topdown Charts
Net % Overweight Equities vs. Global PMI Momentum Global PMI momentum is expected to turn negative over the coming months. Image: BofA Global Research
Interest Rates – Rate Hikes vs. Rate Cuts and Global PMI Manufacturing Global manufacturing PMI levels are screaming for policy tightening. Image: Nordea and Macrobond
Total Equity Fund Flows vs. Global PMI Should investors expect more equity fund flows this year? Image: Deutsche Bank
Global PMI vs. Orders/Inventory Ratio (Leading Indicator) Inventory-shipment ratios suggest a surge in the global manufacturing PMI over the next 2-3 months. Image: BofA Global Investment Strategy
Cross-Asset Correlation and Global PMI Cross-asset correlations imply there is limited scope for diversification. Image: J.P. Morgan
Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research
Global PMIs Global PMIs and earnings growth across regions could suggest a strong risk-on year. Image: Fidelity Investments
Net Proportion of Global PMI with Positive 12-Month Change There are signs of a bottom in global PMIs: 12 out of 41 countries see a positive 12-month change. This is double the number from July 2019. Image: BofA Merrill Lynch Global Research