U.S. Share of Global Equity Market The U.S. share of the global equity market, while still dominant at 54%, has retreated from its peak of 57%, reflecting recent market turbulence and growing diversification concerns. Image: Goldman Sachs Global Investment Research
S&P 500 E-Mini Futures (ES1) Liquidity Thinning liquidity in financial markets exacerbates downside risks by increasing the likelihood of abrupt and severe price movements, particularly during economic or geopolitical shocks. Image: Deutsche Bank Asset Allocation
ISABELNET Cartoon of the Day With the S&P 500 index down 2.88% YTD, bears are feeling pretty smart. Meanwhile, bulls are like, “Did you see the 3.45% gain over the last 9 trading days? Party time!” Have a Great Day, Everyone! 😎
What Do You Think the Probability of There Being a U.S. Recession in the Next 12 Months Is? Deutsche Bank’s survey of 400 financial professionals worldwide indicates an average 43% expectation of a U.S. recession within 12 months, reflecting an uncertain economic outlook. Image: Deutsche Bank
COMEX Copper Price The Trump administration may impose 25% copper import tariffs within weeks, sparking market volatility as traders rush shipments to the U.S., driving copper prices to record highs. Image: The Daily Shot
ISABELNET Cartoon of the Day In Wall Street, bears are like the prophets of doom, except instead of a fiery apocalypse, it’s just a market correction! Happy “Hump” Day, Everyone! 🐫🐪😎
Housing – CME Lumber Futures Price The combination of increased tariffs, supply constraints, and strong demand is creating a challenging environment for the lumber market, leading to significant price increases that are expected to continue throughout the year. Image: The Daily Shot
Oil, 10 Year U.S. Treasury Yields and U.S. Dollar The increasing cohesion in recent years between oil prices, 10-year U.S. Treasury yields, and the U.S. dollar reflects deeper economic linkages and heightened sensitivity to policy and market shocks. Image: Deutsche Bank
U.S. 2s10s Yield Curve and Consensus Probability of a U.S. Recessions in the Next 12 Months Although fears of a U.S. recession have been mounting, the 2s10s U.S. Treasury yield curve’s recent steepening suggests a more optimistic economic outlook. Image: Deutsche Bank
ISABELNET Cartoon of the Day As the S&P 500 tumbled into a 10% correction, bears are grinning, eager to deport bulls from Wall Street, but bulls remain optimistic, waiting for their visas to be extended! Have a Great Day Everyone! 😎
Valuation – MSCI World 12-Month Forward PE The current global stock market valuation, with a 12-month forward P/E ratio of 17.2, is relatively high compared to its 20-year median. Image: Goldman Sachs Global Investment Research