Return and Valuation – Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization The median stock with an EV/sales ratio above 20x has generated a subsequent 12-month return of -1% since 1985. Image: Goldman Sachs Global Investment Research
Risk-Adjusted Returns – Bitcoin, S&P 500, Commodities and Gold Bitcoin’s risk-adjusted return has tended to beat equities, commodities and gold in recent years. Image: J.P. Morgan
S&P 500 3-Month Seasonality Returns Historically, bearish seasonality risk increases in February. Image: BofA Global Research
Returns – Bitcoin and Tesla Are Bitcoin and Tesla more likely to halve over the next 12 months? Image: Deutsche Bank Research
S&P 500 Returns During Earnings Season The S&P 500 typically rallies during earnings season, with a median average return of 2.1%. Image: Deutsche Bank Asset Allocation
Forward P/E Ratio and Subsequent 5-Year Annualized Returns Should investors expect anemic S&P 500 returns over the next 5 years? Image: J.P. Morgan Asset Management
Emerging Markets Total Return Index (Equities Relative to Bonds) and OECD Core CPI (Leading Indicator) Emerging markets equities relative to bonds tend to lead OECD core CPI by 40 weeks. Image: BCA Research
S&P 500 Index Returns When the First 5 Days of a New Year Are Up More than 1.5% Historically, when the first 5 days of January are up more than 1.5%, the full year tends to be positive for the S&P 500. Image: LPL Financial LLC
Bitcoin Volatility vs. Other Assets (3M Rolling Volatility – Daily Returns) Bitcoin continues to be a highly volatile asset compared to other assets. Image: Goldman Sachs Global Investment Research
S&P 500 Index Returns the Following Year After a New Democratic President Takes Office It’s officially a blue wave. Historically, the S&P 500 tends to do well under new Democratic presidents. Image: LPL Financial LLC