Valuation – Russell Growth vs. Russell Value Relative Price to Book Value Should U.S. equity investors continue to favor value over growth stocks? Image: BofA US Equity & Quant Strategy
Valuation – Russell 3000 Index, Percent of Constituents with Price/Sales Ratios Greater than 10 Measured by price to sales ratios, U.S. stocks look expensive. Image: Morgan Stanley Wealth Management
10-Year U.S. Treasury Yield and Value Over Growth (Russell 2000 Index) Should investors continue to favor value over growth stocks? Image: Morgan Stanley Wealth Management
Russell 1000 Profitable Tech vs. Unprofitable Tech and ISM Manufacturing PMI Profitable tech gains suggest growth slowdown. Image: Morgan Stanley Wealth Management
Valuation – Relative Forward P/E: Russell 2000 vs. Russell 1000 Should investors favor small caps vs. large caps, as the relative forward P/E of the Russell 2000 vs. Russell 1000 is at its lowest level since the early 2000’s? Image: BofA US Equity & Quant Strategy
Stocks – Nasdaq vs. Russell, MSCI USA Growth vs. Value and U.S. 10-Year Real Rate Will growth stocks continue to outperform value stocks despite rising real rates? Image: Goldman Sachs Global Investment Research
Small Caps – Russell 2000 Non-Financials Cash as a Percentage of Market Capitalization U.S. small caps have plenty of cash. Image: BofA US Equity & Quant Strategy
Russell 2000 Performance Relative to S&P 500 and ISM Manufacturing PMI Should investors expect a slowdown in U.S. economic activity? Image: Deutsche Bank
U.S. Small-Cap Stocks – Share of Russell 2000 Stocks with Negative NTM Net Income The number of unprofitable companies in the Russell 2000 is rising. Image: Goldman Sachs Global Investment Research
Valuation – Russell 2000 Price-to-Book Ratio Small cap valuations remain high despite the recent sell-off. Image: Goldman Sachs Global Investment Research