3-Month Rate 1-Year Forward vs. 3-Month Leads U.S. GDP This chart suggests that the 1y3m-3m slope leads U.S. GDP. The 1y3m-3m slope has turned down sharply and is informative for year-head growth. Image: BofA Merrill Lynch
The World’s Biggest Importers The U.S. is the largest importer in the world, followed by China and Germany. You may also like “The World’s Biggest Exporters.” Image: howmuch.net
Historical Gold Bull Market Rallies Is it the start of a new gold bull market? This chart shows gold bull markets rallies compared to the most recent. Image: VanEck
Impact of an Inverted Yield Curve: S&P 500 and U.S. Dollar History tells us that the U.S. dollar and the S&P 500 could go higher, and the yield curve could stay inverted until mid-2020. Image:…
U.S. Equity Volatility and Global Economic Policy Uncertainty The chart shows that U.S. equity volatility does not mirror global economic policy uncertainty since 2009, perhaps due to strong central bank support. Image: Pictet Wealth Management
Estimated Tariff Impact on Core Inflation President Trump’s decision to increase the tariff rate will lead to a greater boost to U.S. consumer prices. Image: Goldman Sachs Global Investment Research
Volatility Across All Asset Classes This chart shows the current high correlation of implied volatility across all asset classes to U.S. Treasuries (MOVE). Image: Arbor Research & Trading LLC
The World’s Biggest Exporters China is the largest exporter in the world, followed by the U.S. and Germany. You may also like “The World’s Biggest Importers.” Image: howmuch.net
Demographics – Dow Jones and Generational Peaks This chart shows that generational peaks are associated with major market tops. GenX peaked in 2018 and Millennials don’t peak until 2038. Image: Fundstrat Global Advisors, LLC
S&P 500 and NIPA Corporate Profits After Tax S&P 500 rose relative to NIPA corporate profits after tax, thanks to buybacks. Image: Morgan Stanley
S&P 500 Index – Number of 2.5% Drops Per Month This chart shows that this month of August is volatile compared to other years. Image: Ryan Detrick, LPL Financial LLC