Search Results for: sales

U.S. Real Retail Sales and Recession In December, U.S. real retail sales at 1.6% YoY. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.

Growth Stocks – FAANG and S&P 500 Ex-FAANG Price-to-Sales In general, higher rates mean headwind for growth stocks. Image: BofA US Equity & Quant Strategy

U.S. Heavy Trucks Sales and Recessions U.S. heavy trucks sales rose in November to 477K (annualized). Historically, before recessions and bear markets, heavy truck sales tend to peak and then decline. You may also like “Heavy Truck Sales as Recession Indicator.”

Valuation – S&P 500 Index Price-to-Sales Ratio U.S. equities look expensive by historical standards, as the S&P 500 price-to-sales ratio hits historic high. Image: Morgan Stanley Wealth Management

2020 Retail Sales in the U.S. and Euro Area This chart shows a sweet V-shaped recovery in U.S. and EU retail sales. Image: BofA Global Research

Inflation – S&P 500 LTM Sales Growth vs. Core CPI Since 1970 Rising inflation tends to boost S&P 500 earnings. According to Goldman Sachs, a 100bp increase in average annual core CPI would lift the S&P 500 EPS to $170 in 2021. Image: Goldman Sachs Global Investment Research

U.S. Housing – Existing Home Sales Median Price Existing home sales reached their highest level in 14 years, thanks to low rates. Image: Piper Sandler

Insiders Sales in U.S. Listed Companies Last month, U.S. executives sold stocks in their own companies as the S&P 500 rallies on. This is the biggest burst of selling since 2015. Image: Financial Times

U.S. Retail Sales – Store Retailers vs. Nonstore Retailers Can U.S. store retailers come back to life as the lockdown eases? Image: BCA Research

U.S. Real Retail Sales during 7 Recessions since 1970 The rebound in U.S. real retail sales is a V-shaped recovery, but can it last? Image: Pictet Asset Management