S&P 500 Index Total Return Drivers

S&P 500 Index Total Return Drivers Historically, earnings growth drives equity returns over time. Image: Morgan Stanley Research

Bull Market Analogs

Bull Market Analogs Did the stock market rally go too far and too fast? In 2009, a similar rally corrected from June 11 to July 8. Image: Fidelity Investments

Euro Area PMIs

Euro Area PMIs Euro area PMIs look V-shaped, so far. Image: Goldman Sachs Global Investment Research

Cyclicals/Top 1500 and U.S. Recession

Cyclicals/Top 1500 and U.S. Recession Morgan Stanley sees a massive upside in cyclical shares, in a sharp V-shaped economic recovery. Image: Morgan Stanley Research

U.S. Real M2 Growth and Inflation

U.S. Real M2 Growth and Inflation The United States is exposed to the risk of higher inflation, as the fiscal and monetary policies are the most expansionary. Image: Morgan Stanley Research

Nasdaq 100 vs. S&P 500 Ratio

Nasdaq 100 vs. S&P 500 Ratio The ratio of the Nasdaq 100 to the S&P 500 has only been higher in 2000, during the dotcom bubble. Image: Bespoke Investment Group

U.S. Federal Fiscal Deficit

U.S. Federal Fiscal Deficit This year, the U.S. federal fiscal deficit will be the highest since 1943, thanks to the coronavirus pandemic. Image: Morgan Stanley Research