U.S. Mortgage Rates and New Home Sales
U.S. Mortgage Rates and New Home Sales The decline in mortgage rates has given a strong boost to new home sales. Image: Macrobond
U.S. Monthly Intervention by Currency
U.S. Monthly Intervention by Currency As the chart shows, frequent interventions in the foreign exchange market were fairly common prior to 1995. Image: Goldman Sachs Global Investment Research
U.S. Dollar and Percentage of Developed Countries with Policy Rates below U.S.
U.S. Dollar and Percentage of Developed Countries with Policy Rates below U.S. The chart suggests that the percentage of developed countries with policy rates below U.S., is a support for the U.S. dollar. Image: BofA…
Yield Curves Inversions: 100-Year View
Yield Curves Inversions: 100-Year View This chart shows that over the past 100 years, some recessions have occurred without yield curve inversion. The yield curve is one recession indicator among many others. Image: Macrobond
Global Manufacturing PMI and MSCI Global Auto Index
Global Manufacturing PMI and MSCI Global Auto Index This chart shows the pretty good correlation between Global Manufacturing PMI and the MSCI Global Auto Index (YoY change). Image: J.P. Morgan
Approval Rating Ahead of November Re-Election Bid
Approval Rating Ahead of November Re-Election Bid President Donald Trump’s approval rating is lower than a president should be if he wants to be reelected. Image: J.P. Morgan
FED Balance Sheet Projection
Fed Balance Sheet Projection According to the NY Fed, the Fed’s balance sheet could be between $3.8 trillion and $4.7 trillion by 2025. Image: UBS
Demographics – IMF World Gross National Savings as a Percent of GDP
Demographics – IMF World Gross National Savings as a Percent of GDP Aging populations may well boost savings. This chart is a very good illustration. Image: Bianco Research
Russell 2000 Trailing EV/EBITDA Multiples vs. Private Equity EBITDA Multiples
Russell 2000 Trailing EV/EBITDA Multiples vs. Private Equity EBITDA Multiples This chart shows that private equity multiples are currently higher than public equity multiples. Image: Strategas
China’s Stock Performance – CSI 300 Index vs. M1 Money Sypply YoY Growth
China’s Stock Performance – CSI 300 Index vs. M1 Money Sypply YoY Growth The growth rate of the M1 money supply, a key driver of liquidity and investment capacity, tends to correlate with China’s stock…
U.S. Long-Term Business Cycle and Fed Insurance Cut vs. Fed Recession Cut
U.S. Long-Term Business Cycle and Fed Insurance Cut vs. Fed Recession Cut In recent history, when the U.S. long-term business cycle peaks in the 90th percentile and the Fed cut rates, a recession occurred. Image:…