S&P 500 Earnings per Share vs. ISM Manufacturing New Orders The jump in new ISM manufacturing orders suggests a significant rebound in S&P 500 earnings growth. Image: Morgan Stanley Wealth Management
Dividend Yield Valuations – Relative Median Price to Book Ratio Dividend yield valuations are at all-time lows. Image: BofA US Equity & US Quant Strategy
Coronavirus – Effectiveness of Vaccines Chart comparing the Pfizer’s COVID-19 vaccine to other vaccines. Image: Deutsche Bank
Gold (Daily % Change) The selloff of gold signaled a huge exodus of safe haven trades. Image: The Daily Shot
Russell 1000 Value Index Could this be the beginning of the rotation towards value and small caps? Image: Financial Times
Stocks – Small Caps vs. Large Caps Since late March, the bull market has followed the typical recession playbook, with small caps outperforming large caps. Image: Morgan Stanley Research
Percent of S&P 500 Market Capitalization Held by the Five Largest Stocks This chart highlights the current level of concentration in the five largest stocks. Image: BofA Research Investment Committee
U.S. 10-Year Treasury Real Rate and S&P 500 Information Technology Sector Forward Price/Earnings Ratio The technology sector strength hinges on real rates. Image: Morgan Stanley Wealth Management
U.S. Dollar vs. Commodities A weaker U.S. dollar tends to boost commodities. Image: Morgan Stanley Wealth Management
G10 10-Year Yield Forecasts Before the vaccine news, Goldman Sachs forecasted the U.S. 10-year Treasury yield at 0.75% by the end of 2020 and 1.30% by the end of 2021. Image: Goldman Sachs Global Investment…
FAAMG Stocks After the U.S. Election FAAMG stocks continue to do well in this market. Image: Financial Times