Global Stocks (MSCI ACWI ex-U.S.) – Global Equity Prices Excluding U.S. Stocks Global stocks ex-U.S. remain below pre-Global Financial Crisis highs. Image: BofA Global Investment Strategy
Housing – CME Lumber Futures Price Lumber futures are at record highs and could jeopardize housing affordability. Image: The Daily Shot
ISM Manufacturing Index and ISM Prices Paid Index (Leading Indicator) The ISM Prices Paid Index tends to lead the ISM Manufacturing Index by 12 months, suggesting a mid-cycle shift this year. Image: Morgan Stanley Research
U.S. Home Prices vs. Wage Growth Will the gap between wage growth and house prices continue to widen? Today, houses are too expensive for most young people. Image: The Daily Shot
S&P 500 2021E Sector Return on Equity (ROE) vs. Price/Book Valuation Are health care and consumer staples among the sectors that show promise this year? Image: Goldman Sachs Global Investment Research
Inflation – UN Food and Agriculture World Food Price Index Will global food prices continue to soar? Image: BofA Global Investment Strategy
Inflation vs. S&P 500 YoY Price Returns Historically, the S&P 500 has generated the highest returns in periods of low single-digit inflation. Image: BofA US Equity & Quant Strategy
Valuation – Price to Earnings and Average Annual Return Valuations do matter as they have an impact on return expectations. Image: Richardson Wealth
U.S. 30-Year Bond Price: Deviation from 200-Day Moving Average Is it the best time to buy U.S. government bonds? Image: The Daily Shot
S&P 500 Sector Return on Equity vs. Price/Book Valuation Sector valuations are well-ordered relative to profitability (R² = 0.85). Image: Goldman Sachs Global Investment Research