Goldman Sachs Risk Appetite Momentum Indicator

Goldman Sachs Risk Appetite Momentum Indicator The Goldman Sachs risk appetite momentum indicator is at historical highs, on growing trade optimism and expectations of a global economic recovery. Image: Goldman Sachs Global Investment Research

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

ANZ Global Lead Index

ANZ Global Lead Index The ANZ Global Lead Index is a leading indicator on global industrial production. The chart shows that growth momentum peaked in 2018. Currently, global growth is actually starting to moderate seriously. Image: ANZ Research

Global Growth Economy

Global Growth Economy This chart shows the global real GDP growth and the long-term growth momentum. It’s never paid to bet against America. Picture Source: J.P. Morgan Asset Management

Dow Jones Transportation Average vs. S&P 500

Dow Jones Transportation Average vs. S&P 500 This interesting chart suggests that the Dow Jones Transportation Average underperforms in secular bull markets. Actually, the S&P 500 had higher returns when the Dow Jones Transportation Average experienced negative momentum. Image: Oppenheimer & Co.

U.S. Unemployment Rate at 3.6% in April 2019

U.S. Unemployment Rate at 3.6% in April 2019 This is the lowest level since 1969!  Is this a sign of a booming economy? In any case, the U.S. economy does appear to be gaining momentum and that’s good news. See how the U.S. productivity has increased under Trump. Image: Hedgeye Risk Management LLC