Strong vs. Weak Balance Sheet Companies and Growth vs. Value Chart showing the good correlation between strong vs. weak balance sheet companies and growth vs. value. Image: Goldman Sachs Global Investment Research
Valuation – U.S. 10-Year Treasury Yield vs. Fair Value Chart suggesting that U.S. 10-year Treasuries are extremely overvalued. Image: BCA Research
U.S. and Europe: Value vs. Growth Price to Book Ratio Valuations for growth vs. value are back near the levels that preceded 2000-01, but the trend is still intact for the time being. Image: Morgan Stanley Research
Relative P/E of Value Stocks vs. S&P 500 vs. U.S. Manufacturing PMI Index BofA remains bullish on value stocks in the coming months, due to improving macro conditions. Image: BofA U.S. Equity and Quant Strategy
Rotation – US vs. non-US Equities, S&P Growth vs. Value, S&P Cyclicals vs. Defensives Is the rotation into value, cyclicals and non-US equities inevitable? Image: J.P. Morgan
Global Equities: Value vs. Growth Price to Book Ratio Chart suggesting that value is extremely cheap vs. growth across regions, but the trend is still intact for the time being. Image: Morgan Stanley Research
Value vs. Growth and U.S. 30-Year Government Bond Yield The outperformance of U.S. growth stocks relative to U.S. value stocks suggests lower bond yields ahead. Image: BofA Global Investment Strategy
Emerging Markets Exports Value and MSCI Emerging Markets 12m Trailing EPS Chart suggesting that EM corporate profits are linked to the global trade cycle. Image: Gavekal, Macrobond
Valuation – Largest Company in Terms of Market Value in the S&P 500 At current level, Apple is the largest publicly traded U.S. company. Image: Financial Times
Cumulative Flows into Growth ETF vs. Value ETF Performance has been in favor of growth this year, despite flow into value. Image: BofA Securities