S&P 500 and Composite Momentum Indicator

S&P 500 and Composite Momentum Indicator This chart suggests that the composite momentum indicator exposes investors to the risk of a short-term correction. Image: BCA Research

Coronavirus Momentum

Coronavirus Momentum This chart suggests that the coronavirus momentum may fade next week, as the daily new coronavirus cases outside of China resemble the Chinese outbreak with a lag of one month. Image: Nordea and Macrobond

Momentum Signal Across Asset Classes

Momentum Signal Across Asset Classes Momentum signals across all asset classes have flipped to extreme risk-off. Image: Deutsche Bank Asset Allocation

Momentum to Value Rotation

Momentum to Value Rotation The rotation into value suggests a rebound in global economic growth, not a recession. Image: BofA Merrill Lynch US Equity & US Quant Strategy

Correlation Between Value and Momentum

Correlation Between Value and Momentum The correlation between value and momentum is near record lows. Below this level, value outperformed momentum over the next 250 days (77% of the time) since 1986. Image: BofA Merrill Lynch US Equity & US Quant Strategy

Valuation – Value vs. Momentum Stocks

Valuation – Value vs. Momentum Stocks Chart suggesting that value stocks are currently very cheap vs. momentum stocks. The relative forward P/E of value vs. momentum is at two standard deviations below the average. Image: BofA Merrill Lynch US Equity & Quant Strategy

U.S. Job Posting Trend Index

U.S. Job Posting Trend Index The momentum in labor market activity is fading, and the trend in U.S. job postings is much lower than in 2019. Image: BofA