S&P 500 Subsequent Month Return and Change in 30-Year Real Yield When 30-year real yields rose as much as today, S&P 500 returns the following month were negative 3 times out of 5. Image: Deutsche…
Hedge Fund Gross / Net Exposure (Leverage) Hedge fund net exposure rose to 75%. This is the highest level in over two years. Image: Goldman Sachs Global Investment Research
Impact of Global Warming on World GDP (CO2 Emission) This chart suggests the impact of global warming on world GDP. Image: Oxford Economics
Real GDP per Capita Relative to the United States China’s GDP per capita has increased significantly in recent decades. But relative to the U.S., it is still lagging. Image: Deutsche Bank Global Research
Average Annual U.S. GDP Growth by Administration This chart puts into perspective the average annual growth of U.S. GDP by administration. Image: Michael McDonough
Annual U.S. Treasury Purchases by Sector This chart suggests that the Fed and money market mutual funds will buy the vast majority of new Treasury supply this year. Image: Financial Times
Saving – Household Spending as % of Disposable Income and 10-Year Treasury Yield As the chart shows, lower yields force households to save more (hyper-globalization 2001-2020). This is a vicious cycle, as forced saving depresses…
Small Businesses Very Bearish about the Economic Outlook 40% of small businesses expect a recovery sometime in 2021, and 19% between 2022-2024. Image: Deutsche Bank Global Research
Unemployment Rate by Country vs. 10-Year Average This chart puts into perspective the current unemployment rate by country vs. the 10-year average. Image: Deutsche Bank
Bond Yields, U.S. Dollar and Stock Market According to BofA, the biggest summer pain trade would be a rise in bond yields, a falling U.S. dollar and a sideways stock market. Image: BofA Global Investment…
Copper to Gold Ratio and U.S. 10-Year Bond Yield The copper to gold ratio suggests higher bond yields. Image: Pictet Asset Management