MSCI ACWI and Number of Countries Reporting a New High in Daily Coronavirus Cases The correlation between the MSCI AWCI and new high in daily coronavirus cases (inverted) suggests continued recovery as the coronavirus pandemic fades out. Image: BofA Global Research
VIX Level and S&P 500 New Highs The VIX level when the S&P 500 reached new highs for the first time is rising. Image: Goldman Sachs Global Investment Research
S&P 500 New Highs Since 1950, November 14 has the most S&P 500 new highs ever at 11. Image: Ryan Detrick, LPL Financial LLC
S&P 500 Index Returns After Fed Rate Cuts Near New Highs The adage of “don’t fight the Fed” may be too simplistic, but usually, the market doesn’t care too much about other things, as long as the Fed stays dovish. Image: LPL Financial LLC
New S&P 500 Index All-Time Highs Per Year New all-time highs tend to occur in clusters and can last more than 10 years. The S&P 500 has 30 new all-time high closes this year. Image: LPL Financial LLC
Value Stocks – ISM Manufacturing New Orders Index vs. S&P 500 High Beta Index/S&P 500 Low Volatility Index Value stocks should benefit from an economic rebound, as the ISM Manufacturing New Orders Index is at a 17-year high. Image: Morgan Stanley Wealth Management
Performance – Return from the S&P 500’s Prior High on Feb. 19 to the New All-Time High Despite the S&P 500 new all-time high, a majority of S&P 500 stocks are down significantly from where they were in February. Image: CNBC
S&P 500 and % of S&P 500 Members with New 52-Week Highs The S&P 500 hit all-time high, but with fewer stocks participating. Image: Bloomberg
S&P 500 Index Performance After New All-Time Highs Historically, the S&P 500 Index performance has been much better (on average) after more than 5 months without a new high. Image: LPL Financial LLC
Gold Price Forecast – New All-Time High? Citigroup expects gold to climb to an all-time high in the next 6 to 9 months. Image: Bloomberg