Coronavirus – Proportion of Residents Planning to Be Vaccinated Against COVID-19 Within 3 Months of Vaccine Availability Will there be enough people in the world who will agree to be vaccinated to get rid of…
Flow – U.S. Small Cap Stocks U.S. small cap stocks are soaring, as positive news on a COVID-19 vaccine has fueled optimism about an economic recovery next year. Image: BofA Global Investment Strategy
Small Cap Stocks – Russell 2000 Index as a % of Its 200-Day Moving Average Are investors too optimistic, as small-cap stocks are now very stretched? Image: BofA Global Research
Cumulative Advance-Decline Line for the S&P 500 Index The cumulative advance-decline line for the S&P 500 Index could suggest further upside for stocks. Image: Morgan Stanley Wealth Management
Cyclical Stocks – World Cyclicals vs. Defensives Around Bear Markets Cyclicals have recovered vs. defensives, in line with the average recovery, but they have lagged the post-GFC recovery. Image: Goldman Sachs Global Investment Research
Performance – S&P 500 and Largest 20-Day Gains Ever Historically, past big 20-day rallies saw the S&P 500 higher 6- and 12-months later. Image: LPL Research
Central Banks and U.S. Financial Conditions Index (FCI) If the Fed, the ECB and the BoE wait until 2025 before raising rates, financial conditions should remain very easy. Image: Goldman Sachs Global Investment Research
Value vs. Growth – S&P 500 Index Earnings-Per-Share Growth EPS growth helps to explain why value stocks could outperform growth stocks in 2021. Image: Morgan Stanley Weath Management
Cross Asset Momentum Breadth Risk-on is still strong. Are investors too optimistic? Image: Deutsche Bank Asset Allocation
Gold Price vs. U.S. 10-Year Real Rates (Using Breakeven Inflation Rate) Pictet expects gold prices to reach new highs to US$2,150/oz in the next 12 months. Image: Pictet Wealth Management