World (ex-China) Manufacturing Surveys – Delivery Times

World (ex-China) Manufacturing Surveys – Delivery Times The coronavirus pandemic disrupted global supply chains. This chart suggests that delivery times have now shortened significantly. Image: Pictet Asset Management

Valuation – MSCI World P/E

Valuation – MSCI World P/E Global equity valuations appear expensive, even based on EPS including the recovery. Image: Goldman Sachs Global Investment Research

World GDP – OECD Global Economic Outlook

World GDP – OECD Global Economic Outlook According to the OECD, the coronavirus crisis means no V-shaped recovery, as the consequences will be severe and long-lasting. Image: Organisation for Economic Co-operation & Development

Stocks – World Value vs. Growth

Stocks – World Value vs. Growth Growth has outperformed value since the GFC. According to Goldman Sachs, growth companies should thrive, as growth is scarce. Image: Goldman Sachs Global Investment Research