U.S. Composite Activity Indicator vs. Monthly U.S. GDP Forecast The J.P. Morgan composite activity indicator has lined up with reported monthly GDP so far, as retail enjoys swift revival in sales. Image: J.P. Morgan
EUR/USD and S&P 500 The correlation between the EUR/USD and the S&P 500 is very high. Will August end in storms for markets? Image: Societe Generale Cross Asset Research
Holding Period of Stocks in Years Investors are advised to invest for the long-term, but the length of time that they hold shares has been shrinking. Image: Reuters
Gold’s Premium/(Discount) to U.S. 10-Year Real Yields Is the gold premium to real yields excessive today? Image: J.P. Morgan
Tech + Mega-cap Growth Stocks vs. Cyclicals ex Mega-cap Growth and Tech Performance across sectors has been closely correlated with the increase in the number of Robinhood users. Image: Deutsche Bank Asset Allocation
Valuation – S&P 500 Market Capitalization to GDP vs. S&P 500 Market Capitalization to M2 This chart puts market valuations into perspective, as the massive collapse in the velocity of money has led the Fed…
Gold Price vs. TIPS 10-Year Yield Falling gold prices could warn a bottom of U.S. real yields. Image: Goldman Sachs Global Investment Research
IT Spending and Capital Spending Indices Both IT Spending and Capital Spending Indices are sinking deeper into contraction territory. Image: Goldman Sachs Global Investment Research
Stocks – Small Caps / Large Caps Since late March, the bull market has followed the typical recession playbook, with the Russell 2000 outperforming the S&P 500. Image: Morgan Stanley Research
U.S. E-commerce – Percent Penetration of Adjusted Retail Chart suggesting that the coronavirus pandemic has pulled forward about three years of e-commerce adoption in the United States. Image: Morgan Stanley Research
S&P 500 vs. ISM PMI and S&P 500 Earnings Revisions Breadth Chart suggesting that the S&P 500 is simply following the rebound in both PMIs and earnings revisions breadth. Image: Morgan Stanley Research