S&P 500 (SPY) After Hours vs. Regular Trading Performance This year, market returns were achieved during regular trading hours. Buying the open (SPY) and selling the close: +16.9% YTD (for informational purpose only, not investment…
ETF Flows by Asset Type As the chart shows, investors are finally buying equity ETFs again, but fixed-income remains the champ. Image: Arbor Research & Trading LLC
More than 90% of S&P 500 Index Components above their 50-Day Moving Average The past 11 times that more than 90% of S&P 500 index components were above their 50-day moving average, the S&P 500…
M3 Money Supply Relative to Nominal Industrial Production at Recession End Dates This chart shows the surge in the money supply at record level. Image: Stifel
Bitcoin: Currency or Asset Class? (Price and Volatility) This chart puts into perspective the daily and annualized volatility of Bitcoin. Image: Goldman Sachs Global Investment Research
10-Year Annualized Stock Returns vs. Starting P/E Levels Higher P/Es tend to lead to weaker long-term returns. Image: Credit Suisse
S&P 500 vs. Value Line Geometric Index (Median U.S. Stocks) The Value Line Geometric Index (median U.S. stock) has gone nowhere in 23 years! Image: BCA Research
Long/Short Hedge Funds Beta to Mega Cap Growth Stocks Hedge funds aren’t chasing the current market rally, as long/short hedge funds beta to the mega growth stocks is below historical average. Image: Deutsche Bank Asset…
Average Number of Retail Accounts Holding and Megacap Growth Stocks In the aftermath of the coronavirus pandemic, the number of retail accounts holding mega-cap growth stocks has surged overall. Image: Deutsche Bank Asset Allocation
Unemployment Rate Forecast Goldman Sachs expects the U.S. unemployment rate to reach 25% in Q2, a much higher peak than in other advanced economies. Image: Goldman Sachs Global Investment Research
CPI vs. Conference Board Inflation Expectations Coordinated monetary and fiscal easing should lift inflation higher in this cycle. Image: Pantheon Macroeconomics