U.S. 10Y-2Y Yield Curve vs. U.S. Excess Liquidity (Leading Indicator) U.S. excess liquidity tends to lead the U.S. 10Y-2Y yield curve by 9 months. Image: Variant Perception Research
S&P 500 Index Returns When Democrats Controlled the White House and Congress A Democratic sweep could mean faster economic recovery and should not scare markets. Image: LPL Research
MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500 The 3-year bear market for global equities ex. U.S. is over. Image: Strategas Research Partners
U.S. Dollar Index (DXY) and USD CFTC Net Speculative Positions Speculators increased their net short U.S. dollar positions. Image: Societe Generale Cross Asset Research
Average Annual S&P 500 Performance by Political Control Scenario A Democratic sweep should not scare markets. Image: Truist
Performance Small-Cap Stocks – Russell 2000 vs. S&P 500 Relative Total Returns Based on President/Congress Since 1979 Historically, small cap stocks have outperformed large cap stocks in periods of a Democratic President and Democratic Congress.…
Social Immobility vs. Income Inequality Countries with higher levels of income inequality have higher rates of social immobility. Will income inequality in the United States continue to worsen? Image: BCA Research
S&P 500 Performance from Different ISM Starting Points When the ISM is between 55 and 60, the S&P 500 tends to underperform its long-term average over the next 3, 6 and 12 months. Image: J.P.…
U.S. Dollar Index (Inverted) and 52-Week Change in Bitcoin Why do Bitcoin prices follow the U.S. dollar? Is Bitcoin really money? Image: Alpine Macro
U.S. Inflation Expectation – 30-Year Breakeven Rate Is inflation coming back in the United States? Image: Crescat Capital LLC
VIX and S&P 500 1-Month Realized Volatility Implied volatility remains elevated despite the equities rally. Image: Goldman Sachs Global Investment Research