S&P 500 – Speed of Recovery vs. Speed of Decline

S&P 500 – Speed of Recovery vs. Speed of Decline This chart shows 10 declines more than 30% since 1920, and the speed of recovery vs. the speed of decline. The current decline has been 35% in just 6 weeks. Image: Fundstrat Global Advisors, LLC

S&P 500 Recovery Since The Financial Crisis

S&P 500 Recovery Since The Financial Crisis The chart shows that the S&P 500 has outperformed its historical recoveries since 2009. Image: Goldman Sachs Global Investment Research

Second-half Recovery in Growth?

Second-half Recovery in Growth? Better economic data could extend the business cycle. Currently, G7 & BRIC leading indicators remain encouraging and suggest no imminent recession. Image: Richardson GMP

Global Equities Are Pricing In A Global Recovery

Global Equities Are Pricing In A Global Recovery This chart shows that global equities tend to move ahead of changes in world trade volumes, with a two-month lag.  Global equities are pricing in a global recovery, not global trade wars. Image: Absolute Strategy Research

S&P 500 Earnings Estimate Progression

S&P 500 Earnings Estimate Progression The market doesn’t believe that the long term earnings power has changed and expects a V-shaped earnings recovery. Image: Fidelity Investments

U.S. Real GDP Trajectory

U.S. Real GDP Trajectory Bank of America expects U.S. GDP to grow in the fourth quarter of 2020, but believes in a slow recovery. Image: BofA Global Research