Total Allocated Exchange Reserves by Currency The U.S. dollar represents 61% of all central bank foreign reserves. And the total value of all currencies held in foreign exchange reserves is almost $11 trillion. Image: howmuch.net
MSCI All Country World Index (ACWI) – Period of Consolidation Exane is bullish and suggests that the MSCI ACWI might be nearing an end to this period of consolidation. Image: Exane BNP Paribas
Stocks Dividend Yields Exceed Government Bond Yields in Major Countries In major countries, dividend yields are now significantly higher than yields on 10-year bonds. Image: Charles Schwab
Secular Growth Stocks Relative to Defensive Stocks More downside ahead? This chart suggests that secular growth stocks are at risk. Image: Morgan Stanley Research
President Trump Tweets Contribute to Market Volatility President Trump’s tweets during his first term had a significant impact on financial markets, often contributing to increased volatility. During Trump’s second term, the dynamics appear similar. Image:…
Small Caps Debt-to-Equity Exceeds Large Caps The debt-to-equity ratio of small caps exceeds large caps for the first time. Image: Arbor Research & Trading LLC
U.S. Excess Liquidity Leads U.S. PMI This chart suggests that U.S. excess liquidity leads U.S. PMI by 12 months. U.S. PMI could bounce back in 2020. Image: Exane BNP Paribas
Global Manufacturing PMI This chart could suggest that the worst is over for global manufacturing after PMI ended 15 consecutive months of decline. Image: Charles Schwab
Financial Services Exports Around the World In 2018, the total global exports in financial services was $489.8 billion. The US, UK and Luxembourg make up 54% of the world’s financial services exports. Image: howmuch.net
The Economic Impact of Hurricanes This chart shows the most devasting hurricanes since 1980. Image: Statista
U.S. Nominal GDP vs. S&P 500 Volatility This chart shows that the S&P 500 volatility remains high in a context of slower macroeconomic cycles. Image: Goldman Sachs Global Investment Research