World Epidemics and Global Stock Market Performance
World Epidemics and Global Stock Market Performance This chart shows how the global stock market has performed during past world epidemics. Image: BofA Global Research
World Epidemics and Global Stock Market Performance This chart shows how the global stock market has performed during past world epidemics. Image: BofA Global Research
Fund Managers Sentiment and Global Stock Market Returns (MSCI ACWI) Are fund managers too bearish? Two-thirds of global fund managers say this is a bear market rally. Image: Hondo Tomasz
Global Stock Markets Total Returns in 2019 Chart showing how major global stock markets performed in 2019. Image: Fidelity Investments
World Epidemics and Global Stock Market Performance Chart showing that the impact of past world pandemics has not been significant on the global stock market. Image: Charles Schwab
U.S. Stock Market as a % of Global U.S. stocks dominate global equity markets. Image: BCA Research
Major Central Bank Balance Sheets vs. Total Value of Global Stock and Bond Markets Are central banks creating bubbles? Image: Lohman Econometrics
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Gains appear solid on the surface, but beneath it the foundation is thinner, with S&P 500 highs masking narrow breadth, still shy of Dot-Com-era extremes. Image: Goldman Sachs Global Investment Research
Short Interest as % of Market Capitalization S&P 500 Median Short interest in the median S&P 500 stock sits at 3.2%, a relatively elevated level, but the rise appears driven by hedging activity rather than bearish conviction, offering little evidence of a market inflection point. Image: Goldman Sachs Global Investment Research
Average Percentile Rank for U.S. Equity Market Concentration, Valuation, and Magnitude of Rally U.S. equities are flashing familiar signs: rich valuations, heavy concentration, and outsized recent returns. This is less a signal that a crash is imminent and more a reminder that expectations leave little room for error. Image: Goldman Sachs Global Investment Research
Equities – Global Valuation Range U.S. stocks carry a rich premium, while markets abroad sit closer to their historical ranges. The result is a global landscape where relative value is easier to find outside the U.S., though true bargains are still hard to come by. Image: Goldman Sachs Global Investment Research
Global Market Implied Equity Risk Premiums With equity risk premiums squeezed in the U.S. and Japan, stocks are offering little extra return over bonds, making the trade harder to justify and raising the odds of investor disappointment. Image: Goldman Sachs Global Investment Research