S&P 500 Growth vs. U.S. Real GDP Growth vs. S&P 500 Sales Growth Do valuations still matter? This chart puts into perspective the wide divergence between the S&P 500 and the U.S. economy. Image: Real Investment Advice
U.S. Headline Retail Sales U.S. retail sales look V-shaped, but can it last? Image: Morgan Stanley Research
U.S. Real Retail Sales and Recession In January, U.S. real retail sales at 1.85% YoY, and the trend remains up. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.
U.S. Heavy Trucks Sales and Recessions U.S. heavy trucks sales declined in November to 462K (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.”
U.S. Housing Sales U.S. housing sales are recovering from coronavirus, as builders have been reporting stronger demand. Image: Gavekal, Macrobond
U.S. Retail Sales in March-April 2020 U.S. retail sales from March to April is dramatic and tumbled by a record 16.4%. Image: Oxford Economics
Housing – Property Sales Volume and Construction Starts This chart shows the impact of the coronavirus crisis on the property market. Image: Gavekal, Macrobond
Valuation – Price-to-Sales Ratio and Price-to-Book Ratio for the S&P 500 Index These charts suggest that the S&P 500 Index might have a lot further to fall. Image: Bloomberg
China Sales Exposure – Euro Stoxx 50 vs. S&P 500 Europe equities are more sensitive than the U.S. market, as the exposure of the Euro Stoxx 50 index to China is about twice that of the S&P 500. Image: Goldman Sachs Global Investment Research
U.S. Firms with High China Sales Exposure vs. S&P 500 Chart showing that U.S. stocks with high revenue exposure to China have suffered greater losses. Image: Goldman Sachs Global Investment Research