U.S. Household Debt and World Trade

U.S. Household Debt and World Trade This chart shows the pretty good correlation between U.S. household debt and world trade. Picture source: Oxford Economics, Macrobond

S&P 500 Forward EPS and World Trade Growth

S&P 500 Forward EPS and World Trade Growth The chart shows a pretty good correlation between the S&P 500 forward 12-month EPS and the CPB World Trade Index. Picture source: Oxford Economics, Macrobond

China Credit Impulse Leads World Trade

China Credit Impulse Leads World Trade The chart suggests that China credit impulse leads world trade by 12 months. World trade is expected to turn positive in coming months. Picture source: Oxford Economics, Macrobond

FedEx Stock Price Leads World Trade Volume by Three Months

FedEx Stock Price Leads World Trade Volume by Three Months This chart suggests that FedEx is usually a good leading indicator of the world economy. You may also like “FedEx vs. World Trade.” Picture source: Deutsche Bank Global Research

FedEx vs. World Trade

FedEx vs. World Trade This great chart suggests that FedEx is usually a good leading indicator of the world economy. It leads world trade by 6 months. You may also like “FedEx Stock Price Leads World Trade Volume by Three Months.” Picture source: Nordea and Macrobond

Negative Yielding Bonds In the World

Negative Yielding Bonds In the World Now, 25% of all bonds in the world trade at negative interest rates. Keep in mind that raising interest rates in the future could be painful for bond investors. Picture source: Deutsche Bank Global Research

World Exports Are Contracting – May 2019

World Exports Are Contracting – May 2019 Nowadays, exports of goods and services represent 29% of global GDP and trade tensions are causing a contraction in world exports. Picture source: First Eagle Investment Management

U.S. Bond Market Hedged and Unhedged

U.S. Bond Market Hedged and Unhedged Investors are frantically searching for yield, knowing that 25% of all bonds in the world trade at negative interest rates. Our world is aging with high levels of debt and low interest rates (maybe for a long time). Picture source: Fidelity Investments