Author: isabelnet

G5 Central Banks Balance Sheet vs. Nominal GDP Growth Shrinking global excess liquidity tends to be a headwind for equity markets. Image: J.P. Morgan

Cash Flows Will flows into cash continue to be strong as rates rise? Image: BofA Global Investment Strategy

Ownership of U.S. Government Bond Market Foreign investors remain the larger owners of U.S. Treasuries. Image: Goldman Sachs Global Investment Research

Housing Market – U.S. MBA Purchase Index Mortgage applications are on a downward trend as mortgage rates rise, which is a major factor in the slowdown in the U.S. housing market. Image: BofA Global Investment Strategy

Performance – Dow Jones Industrial Average vs. Nasdaq Will the Nasdaq continue to track the 1972-75 Dow Jones Industrial Average analog? Image: BofA Global Investment Strategy

Average Movements in 2s10s Slope Around U.S. Recessions Historically, when the U.S. 2s10s yield curve has been inverted by more than -100bps, a U.S. recession is currently happening or will happen within 8 months. Is it different this time? Image: Deutsche Bank

Germany 2-Year Government Bond Yield The German 2-year government bond yield, considered to be the most sensitive to European Central Bank (ECB) policy rate expectations, continues to rise. Image: The Daily Shot

Valuation – Relative Forward P/E of Bottom S&P 500 ex. Top Decile Stocks vs. S&P 500 The bottom 450 stocks in the S&P 500 remain cheap relative to the top 50 stocks. Image: BofA US Equity & Quant Strategy

Stocks – MSCI Europe Value vs. Growth and 10-Year UST Yield Will European value stocks underperform European growth stocks in the second half of 2023? Image: J.P. Morgan

LEI 6-Month ROC vs. S&P 500 EPS Annual % Change The 6-month annual rate of change of the Leading Economic Index is highly correlated with S&P 500 earnings growth. Should U.S. equity investors remain cautious? Image: Real Investment Advice

S&P 500 Earnings Yield vs. U.S. 6-Month Money vs. U.S. IG Yield Goodbye TINA. There are finally attractive alternatives to the U.S. stock market. Image: Deutsche Bank