Author: isabelnet

S&P 500 Relative to 10-Year Treasury Yield S&P 500 relative to 10-year Treasury yield at lowest level since 1983. Image: Bloomberg

Recession History – Average Trajectory of Earnings Data The market tends to bottom well in advance (15 months on average) before earnings recover. Image: Goldman Sachs Global Investment Research

GDP Growth Forecast for Selected Economies The International Monetary Fund is predicting a V-shaped recovery for the global economy. Image: Statista

Coronavirus (COVID-19) – Situation Report This chart shows that the number of new coronavirus cases, below the 5-day average (green observations), is improving worldwide. Image: Macrobond Financial

Gold to Oil Ratio at All Time Highs This chart suggests that the gold to oil ratio is not expected to remain at these levels for long. Image: The Daily Shot

U.S. Unemployment Rates Forecast Goldman Sachs expects U3 unemployment rate to peak at 15%. Image: Goldman Sachs Global Investment Research

FMS Cash Balance vs. S&P 500 The BofA Fund Manager Survey cash balance jumps to 5.9%, highest since right after 9/11. This is an interesting contrarian indicator. Image: BofA Global FMS

Risk of Small Business Closure More than 30% of US small businesses are at risk, if business disruption caused by the coronavirus pandemic persists for two months. Image: CNBC

Market Capitalization of 5 Largest Companies as Share of S&P 500 Total The market capitalization of the five largest companies now account for 19% of S&P 500 total, while the average is 13%. Image: Goldman Sachs Global Investment Research

Equity Market Recoveries (Rise in S&P 500 Compared to Its Lows from the Past 500 Trading Days) Historically, the S&P 500 has rallied at least another 10% following a major crash. Image: Nordea and Macrobond

U.S. Unemployment Rate Projection This chart shows the Nomura’s forecast for US unemployment. Image: Nomura