Search Results for: spread

U.S. Corporate High Yield Bond Spreads A breakthrough in the 200-day moving average has historically been bullish for high yield. Image: Morgan Stanley Wealth Management

S&P 500 vs. Investment Grade Spread Will the gap close between the S&P 500 and the IG spread? Image: Credit Suisse

Bank to IG Index Spread Ratio and Bank to S&P 500 Ratio Are U.S. bank stocks a buying opportunity, despite Warren Buffett’s selloff? Image: Goldman Sachs Global Investment Research

VIX vs. IG Credit Spread and S&P 500 This chart shows that the VIX has realigned with the IG credit spread, but not with the S&P 500. Image: Deutsche Bank

Sector Implied Volatility Spread vs. S&P 500 More volatility to come for health care? Image: Goldman Sachs Global Investment Research

Sentiment – AAII Bull/Bear Spread and S&P 500 Retail investors remain bearish, despite the market rally. Image: Morgan Stanley Research

MSCI USA Cyclical Sectors-Defensive Sectors Spread USD Index vs. 2-Year/30-Year U.S. Treasury Yield Curve This chart suggests that cyclical outperformance of defensives tends to be correlated with the shape of the 2-year/30-year U.S. Treasury yield curve. Image: Morgan Stanley Research

U.S. IG Credit Spread and S&P 500 vs. Citi U.S. Economic Surprise Index Chart suggesting that since mid-May, the rally has been driven by positive macroeconomic factors. Image: BofA Global Research

U.S. High Yield Spreads vs. IG Spreads and Large Cap Growth Relative to Small Cap Value This chart suggests that new highs in stocks need high yield outperformance and sustained rotation from large cap growth to small cap value. Image: BofA Global Investment Strategy

Yield Spread (Baa Bonds – Utility Dividends) Chart suggesting that utilities are cheap relative to Baa bonds. Image: Morgan Stanley