U.S. Total Nonfarm Payrolls and Recessions Total nonfarm payrolls increased 224K in June, well above expectations, which should calm fears of a near-term recession. The job market is still strong, even if there are signs…
U.S. High Yield Credit spreads are fine. Could the market go wrong by predicting significant interest rate cuts? Image: Fidelity Investments
U.S. Hard Data vs. Soft Data U.S. hard data is improving, but the chart shows the current divergence between U.S. hard data and soft data. Image: Arbor Research & Trading LLC
S&P 500 Equity Index since 1928 This chart puts into perspective the current record levels of the S&P 500. You may also like “The Stock Market Continues to Climb the Wall of Worry.” Image: John…
U.S. Equity Market Performance since 1914 Excellent comparison between real (adjusted for inflation) and nominal returns on U.S. equities. Image: Saxo Bank
Global Earnings since 2006 This chart shows global earnings since 2006 (USA, Emerging Markets, Japan and Europe). As Warren Buffett said: “for 240 years, it’s been a terrible mistake to bet against America.” This chart below…
Corporate Leverage in the U.S. U.S. corporate debt is high. This chart shows that U.S. corporate leverage is close to its previous peak on a net debt to EBITDA. You may also like “U.S. Leveraged…
Global PMI for Manufacturing Global PMI for manufacturing slides to lowest since 2012. Image: J.P. Morgan Asset Management
Negative Yielding Bonds in the Barclays/Bloomberg Global Aggregate Index These charts put things into perspective. Keep in mind that bondholders will get back less than what they paid if they hold bonds to maturity. Negative…
Equity Market Performance Around Bear Markets Interesting chart showing the average return before and after equity market peaks from 1945 to 2018. You may also like “First, Middle, Final Years of S&P 500 Bull Markets…
U.S. Twin Deficits (% of GDP) Lead Real Trade Weighted Dollar Index by Two Years The chart suggests that the U.S. dollar should weaken over time. Image: Strategas