Inflation – PPI to CPI Spread vs. S&P 500 A collapse of the spread between PPI (Producer Price Index) and CPI (Consumer Price Index) may be interpreted as a sign of decreased inflationary pressures, which is a positive factor for the U.S. stock market. Image: Real Investment Advice
S&P 500 After Seven Months Without A New 52-Week Low When the S&P 500 has gone 7 months without a new 52-week low, it tends to be bullish over the next 12 months. Image: Carson Investment Research
S&P 500 Earnings Yield Gap vs. Real 10-Year U.S. Real Treasury Yield U.S. equities look expensive relative to rates. Image: Goldman Sachs Global Investment Research
U.S. Debt Ceiling The U.S. debt ceiling is a crucial issue. FMS investors are confident that the debt ceiling will be resolved. Image: BofA Global Investment Strategy
Treasury General Account Issuance U.S. Treasury issuance is expected to increase after the debt ceiling agreement, which could drain liquidity from the system. Image: Morgan Stanley Wealth Management
Senior Loan Officer Survey and S&P 500 EPS A continued slowdown in earnings growth is expected through the end of the year. Image: Morgan Stanley Research
U.S. Job Openings vs. U.S. Implied Earnings Growth The decline in U.S. job openings may not bode well for earnings growth. Image: Morgan Stanley Wealth Management
Inflation – Core U.S. CPI and Real Annualized Total Return for the S&P 500 U.S. core inflation above +0.2% MoM typically does not bode well for S&P 500 real returns. Image: Deutsche Bank
S&P 500 FY2 EPS Revision Sentiment Will S&P 500 FY2 EPS revision sentiment continue to improve? Image: Goldman Sachs Global Investment Research
Discretionary Investor Equity Positioning vs. S&P Global Composite PMI Discretionary investor equity positioning is not reacting to changes in the global composite PMI. Image: Deutsche Bank Asset Allocation
U.S. Initial Jobless Claims U.S. initial unemployment claims are rising in states with tech and banks. Image: BofA Global Investment Strategy