U.S. Corporate Debt Outstanding by S&P Ratings

U.S. Corporate Debt Outstanding by S&P Ratings Should investors be worried? The proportion of BBB-rated bonds has increased significantly over time. Image: Deutsche Bank Global Research

Equity Performance by Credit Rating

Equity Performance by Credit Rating This chart shows the impact of credit ratings on stock returns since the beginning of the year. Image: Ken Fisher, Fisher Investments

S&P Credit Ratings Downgrades

S&P Credit Ratings Downgrades The coronavirus crisis sparks record company downgrades. Image: Oxford Economics

S&P 500 Operating EPS vs. Normalized EPS

S&P 500 Operating EPS vs. Normalized EPS The gap between operating and normalized EPS is the widest since Q3 2007 (the prior market peak). Image: BofA US Equity & Quant Strategy

10Y-3M Yield Curve Inversion and S&P 500 Operating EPS

10Y-3M Yield Curve Inversion and S&P 500 Operating EPS The inversion of the yield curve between 3-month and 10-year Treasurys is not good news for S&P 500 operating EPS  (90D means 3-month T-bill). The 50 day moving average removes false signals since 1967. Image: Stifel