S&P 500 vs. U.S. High Yield/High Grade and Large Cap Growth to Small Cap Value Charts suggesting that new highs in stocks need high yield outperformance and sustained rotation from large cap growth to small cap value. Image: BofA Global Investment Strategy
S&P 500 Moves Around Bear Market Bottoms Since 1870 If the March lows is the bottom, then the S&P 500 is well ahead of history in terms of market recovery. Image: Societe Generale Cross Asset Research
ECB Balance Sheet, with Forecast Until End-2021 The ECB’s balance sheet is expected to expand further and hit 62% of GDP in 2021. Image: UBS
Sentiment Indicator – Current vs. Market Peak Currently, this sentiment indicator is relatively bullish compared to the last ten years. Image: Goldman Sachs Global Investment Research
Forecast in Corporate Earnings Fiscal support will largely, but not entirely, offset the decline in coporate earnings. Image: Goldman Sachs Global Investment Research
Performance over 12 Months: S&P 500 vs. FTSE All World and FTSE 100 U.S. equities had their best month since 1987, in the global rebound. Image: Financial Times
S&P 500 and 10% Monthly Gains, What Happens Next? Historically, 10% monthly gains for the S&P 500 have led to continued strong returns. Image: LPL Research
S&P 500 – Top Months Since World War II The S&P 500 posted its biggest one-month gain since 1987, surging 12.7% in April. Image: CNBC
U.S. Household and Personal Saving Rate Americans are accumulating cash, as savings rate hits its highest level since 1981. The Daily Shot – The Wall Street Journal
Relative Valuation: MSCI Emerging Markets vs. S&P 500 Index Emerging markets stocks have dropped to a record valuation discount relative to U.S. equities. Image: Morgan Stanley
Stocks – GRANOLAS vs. NASDAQ Europe does not have the FAAMG, but it has the GRANOLAS (Glaxosmithkline, Roche, ASML, Nestle, Novartis, Novo Nordisk, L’Oreal, LVMH, Astrazeneca, SAP and Sanofi). Image: Goldman Sachs Global Investment Research