Negative Yielding Bonds In the World Now, 25% of all bonds in the world trade at negative interest rates. Keep in mind that raising interest rates in the future could be painful for bond investors.…

S&P 500 Consumer Discretionary / Industrials Around First Fed Rate Cut If consumer discretionary outperforms industrials after first Fed rate cut, then it could signal a recession. Image: Ned Davis Research

Are Small Cap Stocks Overvalued? Small Cap Stocks Valuation: based on the forward PE ratio, the valuation of small cap stocks seems reasonable, with no sign of bubble. You may also like our “Stock Market…

U.S. Labor Force vs. Inflation The chart shows the enduring link between labor force and inflation. The chart also suggests that U.S. labor force leads U.S. CPI by three years. Demographic trends imply subdued inflation.…

Stocks, Bonds, Bills, and Inflation since 1926 Great chart showing the hypothetical value of $1 invested in stocks, bonds, and bills, at the beginning of 1926. Warren Buffett is right when he says that stocks…

U.S. – China Competition (Focus Risk) The United States and China will eventually conclude a trade agreement, but tensions between the two countries are structural and won’t go away any time soon. Image: BlackRock Investment…

Treasury Bond Prices Around First Rate Cuts Since 1970, Treasury bonds have rallied 2-3 months before the first rate cut. Image: Ned Davis Research

World Population by Region Projected to 2100 World population is expected to increase to 10.9 billion by 2100 and 83% of the world population will live in Asia and Africa. Image: Our World in Data

Global Nominal GDP After the U.S., China is the world’s second largest economy. Its nominal GDP represents 16% of world GDP, compared to 24% for the United States. Image: Scotiabank

U.S. 10-Year Treasury Yield vs. Fed Rate Interesting chart showing that the U.S. 10-year treasury yield usually does not bottom until the Fed has finished cutting rates. Image: Deutsche Bank

EUR/USD and 10-Year Rates Differential The chart shows the Euro vs. US Dollar (EUR/USD) and how a 10-year rates differential corresponds to a stronger or weaker US dollar. Image: Oxford Economics, Macrobond