Market Breadth – Percentage of MSCI AC World Stocks Above 200-Day Moving Average Global stocks are currently experiencing bad breadth, which can be a cause for concern as it indicates a lack of broad market participation. Image: BofA Predictive Analytics
Valuation – MSCI U.S. 12-Month Forward P/E Relative to MSCI World Ex. U.S. There is a prevailing sentiment suggesting that U.S. equity valuations are not currently appealing. Image: J.P. Morgan
Seasonality Trends in MSCI AC World Index (Global Equities) The previously challenging seasonality headwinds faced by global equities are now turning into favorable tailwinds, potentially boosting market performance as we enter the final quarter. Image: BofA Predictive Analytics
Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM, MSCI World Earnings sentiment is improving, which is good news. Image: Goldman Sachs Global Investment Research
Valuation – PE10 Ratio USA vs. Rest of the World U.S. equities still do not look cheap vs. the rest of the world. Image: Topdown Charts
Performance – World Technology vs. Healthcare Is it the end of the FAANG bubble? Image: BCA Research
Equity – MSCI China Index / MSCI All Country World Index Should investors overweight Chinese stocks? Image: Morgan Stanley Wealth Management
Valuation – MSCI AC World 12-Month Forward P/E and 10-Year Real U.S. Treasury Yield 10-year U.S. real yields help explain the valuation of global equities. Image: Goldman Sachs Global Investment Research
MSCI World Value vs. Growth Will the outperformance of value stocks over growth stocks persist? Image: Goldman Sachs Global Investment Research