Category: Blog

S&P 500 – Weight of Top 50 Is it a bull trap? The S&P 500 remains very concentrated in the top 50 stocks. Image: J.P. Morgan Equity Macro Research

Returns – U.S. Stock-to-Bond Ratio Should U.S. equity investors be worried that the U.S. stock-to-bond ratio is at an extreme level? Image: Alpine Macro

MSCI Equity Price: China Relative to U.S. and USD/CNY (Inverted) The RMB should weaken relative to the U.S. dollar. Image: BCA Research

Expensive Stocks and Fed Balance Sheet Are expensive stocks vulnerable to Fed tapering in 2022? Image: Morgan Stanley Research

Markets – Equity Risk Premium and Real 10-Year U.S. Treasury Yield The similarities between today and the tech bubble make BofA bearish on 2022. Image: BofA US Equity & Quant Strategy

U.S. Cycle Indicator The KKR’s U.S. cycle indicator from KKR is still in the mid-cycle expansion phase. Image: KKR & Co.

S&P 500 Index Returns and Santa Claus Rally Historically, a bearish Santa Claus rally does not tend to bode well for January and the full year. Image: LPL Research

ISM YoY and U.S. 2+10-Year Bond Yield YoY (Leading Indicator) The U.S. 2+10-year bond yield YoY (inverted) tends to lead the ISM YoY by 18 months, suggesting that the growth momentum is expected to fade through H1 2022. Image: Nordea and Macrobond

U.S. 10-Year Treasury Yield and Equities: Back to Work / COVID-19 Winners The U.S. 10-year Treasury yield tends to track the pandemic trade. Image: BCA Research

Economic Growth vs. M2 Velocity The decline in economic growth has coincided with a collapse in M2 velocity Image: Real Investment Advice

S&P 500 Index 3-Day Average Returns Are U.S. equity investors ready for a Santa Claus rally this year? Image: LPL Research Click the Image to Enlarge