Category: Blog

Rates – U.S. 10-Year Nominal and Real Yields Goldman Sachs expects U.S. rates will continue to rise. Image: Goldman Sachs Global Investment Research

Supply Disruption Index vs. U.S. Core CPI Inflation (Leading Indicator) Is U.S. core CPI inflation finally peaking? The supply disruption index tends to lead U.S. core CPI inflation by one month. Image: Alpine Macro

Earnings – STOXX Europe 600 EPS Level Thanks to an accomodative monetary and fiscal policy, the STOXX Europe 600 EPS is growing much faster than during the last cycle (2007-2019). Image: Goldman Sachs Global Investment Research

S&P 500 Equity Risk Premium – Equities vs. Bonds The S&P 500 equity risk premium is expected to decline through 2022. Image: Goldman Sachs Global Investment Research

Implied Allocations: Gold (ETF Market Share of Gold ETFs vs. All ETF Assets) Despite the surge in inflation, investors are underweight gold relative to history. Image: Topdown Charts

S&P 500 Consensus Long-Term Growth Forecast The S&P 500 consensus long-term growth is at record high. Is this a bearish signal? Image: BofA US Equity & Quant Strategy

Household + Mutual Fund Ownership of U.S. Equities Household + mutual fund ownership of U.S. equities is increasing dramatically. Image: Goldman Sachs Global Investment Research

China GDP Growth China’s GDP growth is expected to rebound to 5.5% in 2022. Image: Morgan Stanley Research

U.S. 10Y-2Y Treasury Yield Curve and Real Fed Funds Rate The U.S. 10Y-2Y yield curve has declined. Will the Fed raise interest rates more quickly than expected? Image: Morgan Stanley Wealth Management

Global ESG Bond Funds Flows Global ESG bond funds flows show no signs of slowing down. Image: BofA Global Research

S&P 500 Index – Over/Under Valuation S&P 500 valuation remains stretched. Should investors pay more attention to P/E ratios? Image: Real Investment Advice