U.S. Equities and The World: Earnings Growth vs. Multiple Expansion Since the 2009 low, the strong performance of the U.S. markets comes from earnings growth (73%) and multiple expansion (27%). You may also like “S&P…
Conference Board U.S. LEI and U.S. Treasury 10-Year/2-Year Spread Is a rate cut justified in July? Just take a look at the Conference Board Leading Economic Index and the U.S. Treasury 10-Year/2-Year spread. Image: Strategas
S&P 500 – Secular Roadmaps The chart shows the S&P 500 projection based on average secular bull and the CAPE model. Image: Fidelity Investments
Central Bank Outlook Interesting chart showing how major central banks will change interest rates by the end of this year (projected interest-rate change). Picture Source: Bloomberg
The GS Financial Conditions Index and The Target Fed Funds Rate The Goldman Sachs Financial Conditions Index is not at its lowest level and the current levels are quite similar than previous first rate cuts.…
Lower Incomes Paid the Highest Price Low-income groups are slowly recovering after the financial crisis. Inequality: you may also like “U.S. Net Worth by Wealth Bracket.” Image: Deutsche Bank Global Research
U.S. Net Worth by Wealth Bracket Another chart showing the wealth disparities before and after the Great Recession. Inequality: you may also like “Lower Incomes Paid the Highest Price.” Image: Axios
World Semiconductor Sales and S&P 500 EPS Tight relationship between world semiconductor sales and S&P 500 earnings per share. You may also like “Semiconductor Sales vs. Global Earnings per Share.” Image: Oxford Economics
The 10-Year minus 3-Month Yield Curve With the 3-month Treasury yield falling, the 10-year minus 3-month yield-curve spread is steepening. Keep in mind that a positive spread facilitates borrowing short and lending long. Image: Bianco Research
Conference Board U.S. Leading Index vs. U.S. GDP Growth This chart shows the strong correlation between the Conference Board U.S. Leading Index Year-over-Year and U.S. GDP growth. The U.S. LEI suggests a weakness in U.S. GDP…