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
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
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
Number of S&P 500 Firms to Decrease or Suspend their Dividend Bye-bye dividends, as they have been hit hard by the coronavirus pandemic. Image: The Wall Street Journal
Coronavirus Pandemic and Population Immunized in 2021 G10 economies are expected to achieve herd immunity by the next summer. Image: Deutsche Bank
G10 Central Bank Expected Average Monthly Quantitative Easing (QE) in 2021 Central banks are expected to provide more liquidity to markets in 2021. Image: Morgan Stanley Research
Cyclical Stocks – Russell 2000 / Nasdaq 100 and U.S. 10-Year Real Yields Chart suggesting that the stock rotation should continue as cyclical stocks perform better from higher interest rates and better growth. Image: Morgan…
S&P 500 November Seasonality Can investors expect a Thanksgiving rally this year? Image: Goldman Sachs Global Investment Research