S&P 500 Value Index/S&P 500 Growth Index vs. 30-Year Treasury Yield The direction of long-term interest rates tends to drive the style rotation. Image: Morgan Stanley Wealth Management
U.S. 2/10-Year Treasury Yield Curve and Fed Funds Target Rate If growth remains resilient this year, then the U.S. yield curve may not flatten. Image: Alpine Macro
Equity – MSCI Russia (Local) vs. Euro STOXX 50 Russian stocks remain under pressure amid war fears. Image: Topdown Charts
Inflation – MSCI ACWI Energy vs. Consumer Discretionary Price Relative Historically, real assets tend to perform well in inflationary environments. Image: BofA Global Investment Strategy
Stocks – Chinese Stock Prices and “Blacklisted” Companies “Blacklisted” companies continue to outperform the CSI 300. Image: Alpine Macro
Interest Rates – Fed Funds Rate Should investors prepare for more tightening than expected? Image: Goldman Sachs Global Investment Research
S&P 500 Valuation Multiples S&P 500 valuation multiples remain stretched and well above averages. Image: Goldman Sachs Global Investment Research
NFT Universe Market Capitalization Is the market cap of NFT on the way to the moon? Image: J.P. Morgan
Returns – S&P 500 Index Performance Preceding the First Fed Rate Hike Historically, the S&P 500 tends to do well before the first Fed rate hike. Image: True Insights
Fed Assets as a Percentage of GDP Will the Fed balance sheet decline to 20% of GDP by the end of 2025? Image: Deutsche Bank
U.S. Equity Price Returns from Each Valuation Decile Should U.S. equity investors expect negative annualized returns over the next 5 years? Image: Goldman Sachs Global Investment Research