FedEx vs. World Trade
FedEx vs. World Trade (Leading Indicator) Fedex tends to lead world trade by 6 months. Image: Nordea and Macrobond
FedEx vs. World Trade (Leading Indicator) Fedex tends to lead world trade by 6 months. Image: Nordea and Macrobond
World Trade Volume of Goods and Services The International Monetary Fund expects global trade to rebound in 2021 and 2022. Image: Bloomberg
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 is rebounding faster than it did after the financial crisis of 2008. Image: The Wall Street Journal
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 Chart suggesting that any improvement in world trade should benefit copper. Image: BofA Global Research
World Trade Growth Chart showing that world trade growth is now at its lowest level since 2009. Image: BofA Merrill Lynch
Currency Sensitivity vs. World Trade Growth CAD and GBP are the most sensitive currencies in G10 space to world trade growth. Image: Nordea and Macrobond
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 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