S&P 500 Cash Spending In 2025, S&P 500 share buybacks are forecast to remain elevated, supported by solid earnings and strong balance sheets, with total repurchases anticipated to exceed $1 trillion. Image: Goldman Sachs Global Investment Research
2025 Projected U.S. Federal Spending While the idea of cutting $2 trillion from U.S. federal spending is appealing in theory, the practical challenges and political realities make it a daunting task. Image: Morgan Stanley Wealth Management
U.S. Government Spending U.S. government spending fell by 6% year-over-year, marking a notable shift. Image: BofA Global Investment Strategy
Gold – Beta of USD/xxx to Equity Market Volatility Related to Government Spending Gold has been a very good hedge against debt ceiling worries in the past. Image: Deutsche Bank
Equity Market Volatility Related to Uncertainty over Government Spending Equity market volatility may spike when the debt ceiling is under discussion. Image: Deutsche Bank
S&P 500 Performance and Discretionary Retail Spending (Leading Indicator) The performance of the S&P 500 tends to lead discretionary retail spending by 9 months. Image: TS Lombard
Effect of Fiscal Spending on the Level of U.S. GDP Fiscal support in the United States is expected to decline significantly. Image: Goldman Sachs Global Investment Research
Commodities – Commodity Price Shock, Percent of Consumer Spending The commodity price shock on consumers is not yet at the level of the 1970s. Image: Goldman Sachs Global Investment Research
Impact on U.S. Consumer Spending If Oil Prices Rise to $120 If oil prices remain elevated, will the Fed raise interest rates more gradually than markets expect? Image: J.P. Morgan Asset Management
U.S. Consumer Sentiment vs. Consumer Spending Americans continue to spend despite rising prices. Image: J.P. Morgan Asset Management
U.S. GDP – Biden Spending Proposals and Congress Congress should approve at least 1% in GDP of Biden spending proposals. Image: Goldman Sachs Global Investment Research