U.S. Commercial and Industrial Loans Outstanding Business loan growth is slowing down, despite Fed easing. Currently, liquidity is going into the financial markets, but not into the real economy. Image: Pictet Wealth Management
Business and Industrial Sentiment vs. U.S. GDP Chart suggesting that business and industrial surveys have not explained U.S. economic growth over the past decade (R² = 0). Image: Arbor Research & Trading LLC
China Real M1 Leads World Industrial Production Chart suggesting that China’s real M1 leads world industrial production by 6 months. Image: Nordea, Sebastian Dypbukt Källman
S&P 500 Industrials Index and U.S. Manufacturing Unit Labor Costs When U.S. labor costs rise, industrial profit margins are under pressure. Image: Quill Intelligence, LLC
Commodities vs. Dow Jones Industrial Average Chart suggesting that commodities are very undervalued relative to the U.S. stock market. Image: Incrementum
U.S. Commercial and Industrial Loans Interesting chart suggesting that U.S. commercial and industrial loans are expected to slow. Image: Quill Intelligence, LLC
S&P 500 Value vs. Growth Leads Global Industrial Production This great chart suggests that the S&P 500 value vs. growth leads global industrial production by 9 months. Image: Alpine Macro
China Industrial Activity and U.S. Treasury 10-Year Yield This chart shows the quite good correlation between China industrial activity and the U.S. treasury 10-year yield. Image: Oxford Economics, Macrobond
Dow Jones Industrial Average Around Second Fed Rate Cut This chart shows that a second rate cut has been bullish. On average, the Dow Jones Industrial Average has gained 19% over the next 12 months. Image: Ned Davis Research
U.S. Industrial Sectors in Contraction Below Recession Levels Currently, the percentage of U.S. industrial sectors in contraction is below recession levels. Image: TS Lombard