Valuation and Global Asset Price Cycle

Valuation and Global Asset Price Cycle Interesting chart showing the current average overvaluation estimates across equities, bonds and house prices in major advanced economies. Image: Oxford Economics

Valuation – S&P 500 Forward Price-to-Earnings

Valuation – S&P 500 Forward Price-to-Earnings Is the S&P 500 valuation stretched? Valuations are currently the highest since early 2018. Image: SunTrust Private Wealth Management

Valuation – Commodity Prices Relative to S&P 500

Valuation – Commodity Prices Relative to S&P 500 Chart suggesting that commodity prices have never been more depressed relative to stocks, since the late 90’s. Image: U.S. Global Investors

Semiconductor Prices and ISM Manufacturing Index

Semiconductor Prices and ISM Manufacturing Index Chart suggesting that the surge in semiconductor prices implies ISM Manufacturing Index above 55 in the next 3-months. Image: BofA Merrill Lynch Global Research

U.S. 60/40 Portfolio Annual Price Return

U.S. 60/40 Portfolio Annual Price Return So far this year, the standard U.S. 60/40 portfolio has had its best year in two decades. Image: Goldman Sachs Global Investment Research

U.S. Stock Price Reaction to Quarterly EPS Beats/Misses

U.S. Stock Price Reaction to Quarterly EPS Beats/Misses Is the U.S. stock market turning complacent in 3Q 2019? The market is forgiving with companies that miss EPS estimates. Beating EPS relative to market: +1.7%. Missing EPS relative to market: 0.0%.  Image: J.P. Morgan

Inflation – Price Changes Since 2000 in the U.S.

Inflation – Price Changes Since 2000 in the U.S. Headlines say there’s no inflation, but most important things in life are getting more expensive in the United States. Image: Deutsche Bank Global Research