Small Caps: Russell 2000 Last 12 Month Performance Grouped by Stocks > 10-Years Old and < 2-Years Old Chart suggesting more alpha among “newer” Russell 2000 small cap stocks over the last 12 months. Image:…
Economy – Where People Are Losing Faith in Capitalism? Some countries appear to have more confidence in capitalism than others. Image: Statista
Calendar Year Performance During U.S. Presidential Election Years Presidential election years have historically been good for U.S. equities, when an incumbent president winds up winning reelection. Image: BlackRock Investment Institute
Median Stock EV/Sales Valuation: Russell 3000 Software vs. Total Russell 3000 The valuation of software stocks is close to the highest levels since the internet bubble. Image: Goldman Sachs Global Investment Research
Technology Relative to Energy and Industrials Tech companies dominate the global market as never before since the internet bubble. Image: Financial Times
S&P 500 Annual Return: Dividends, Earnings Growth and Multiple Expansion In 2019, the S&P 500 rose 31.5%. 26.9% came from multiple expansion, 2.6% from dividends, and 2.0% from earnings growth. Historically, S&P multiples contract or…
Share of Energy from Renewable Sources In the United States, renewable energy sources account for about 11% of total energy consumption. Image: Deutsche Bank Global Research
Sector Performance in the 9 Months Prior to Past U.S. Presidential Elections This chart shows the sector median excess return vs. the S&P 500 during 9 months before 11 presidential elections since 1976. Image: Goldman…
Wage Growth and U.S. Productivity (Leading Indicator) This chart suggests that wage growth tends to lead U.S. productivity by 21 months. Image: Pictet Asset Management
Average S&P 500 1-Year Performance Based on Valuation Starting Point The S&P 500 P/E ratio is over 18x currently. As valuations rise, expected returns fall. Image: Richardson Wealth
Forecast: Path of the S&P 500 in 2020 Goldman Sachs sees limited upside for the S&P 500 from current levels and set a price target of 3400 by the end of 2020. Image: Goldman Sachs