Valuation – Info Tech vs. S&P 500

Valuation – Info Tech vs. S&P 500 The valuation of tech stocks relative to the S&P 500 seems relatively high. Image: Goldman Sachs Global Investment Research

U.S. Economy vs. Asset Prices

U.S. Economy vs. Asset Prices Persistent low interest rates could explain the wide divergence between real economy prices and asset prices, over the past decade. Image: Charles Schwab

Dow Jones Return Based on Fed Chair

Dow Jones Return Based on Fed Chair Fed Chairman Jerome Powell took over the Fed two years ago. Since then, the Dow Jones has gained 15%. Image: Ryan Detrick, LPL Financial LLC

U.S. Non-Manufacturing PMI

U.S. Non-Manufacturing PMI U.S. Non-Manufacturing PMI is higher than expected and continues to rebound. Image: Macrobond Financial

Global Growth, Equity Rally and Fed Balance Sheet

Global Growth, Equity Rally and Fed Balance Sheet This chart suggests that economic data is the driving force behind the equity rally, not the Fed’s balance sheet. Image: Arbor Research & Trading LLC

2020E Dividend Yield

2020E Dividend Yield This chart puts 2020E dividend yields into perspective. Image: J.P. Morgan

Gold, Bitcoin and Negative Yielding Debt

Gold, Bitcoin and Negative Yielding Debt Chart suggesting that gold price and bitcoin have been boosted by rising negative-yielding debt. Image: Fidelity Investments