FedEx vs. World Trade

FedEx vs. World Trade (Leading Indicator) Fedex tends to lead world trade by 6 months. Image: Nordea and Macrobond

World Trade Volume Proxy

World Trade Volume Proxy World trade has rebounded faster than after the financial crisis of 2008, and is now pre-Covid-19 levels. Image: Morgan Stanley Research

World Trade Volume Index

World Trade Volume Index World trade is rebounding faster than it did after the financial crisis of 2008. Image: The Wall Street Journal

World Trade Growth Since 1990

World Trade Growth Since 1990 In 2019, world trade growth fell to its lowest level since the global financial crisis. Image: Haver Analytics

World Trade and Copper

World Trade and Copper Chart suggesting that any improvement in world trade should benefit copper. Image: BofA Global Research

World Trade Growth

World Trade Growth Chart showing that world trade growth is now at its lowest level since 2009. Image: BofA Merrill Lynch

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. Image: 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. Image: Oxford Economics, Macrobond