Category: Blog

GDP – U.S. Enacted Fiscal Measures Goldman Sachs expects U.S. GDP to grow by 3.5% this year and 2.2% in 2023. Image: Goldman Sachs Global Investment Research

Coronavirus – Global COVID-19 Cases, Vaccinations and Deaths Global COVID-19 cases are rising, driven by the Omicron variant. Image: BofA Global Investment Strategy

Rolling 1-Month S&P 500 Return vs. Z-score of 1-Month Change in 10-Year U.S. Treasury Yields When U.S. Treasury yields increase too fast, the S&P 500 tends to struggle. Image: Goldman Sachs Global Investment Research

Monetary Policy – China vs. U.S. Homebuilders China and the United States are expected to diverge on monetary policy this year. Image: BofA Global Investment Strategy

Valuation – S&P 500 Forward P/E Multiple and First Hike of Fed Tightening Cycle Historically, the S&P 500 forward P/E remains flat in the 6 months before and after the start of the first Fed hike. Image: Goldman Sachs Global Investment Research

Monthly Outperformance of NYFANG Over ACWI and ECB QE Total Is the shock of central bank tightening in Europe and Japan the most underappreciated risk this year? Image: BofA Global Investment Strategy

Fiscal Impulses in the Euro Area The fiscal impulse in the euro area is expected to remain expansionary. Image: Goldman Sachs Global Investment Research

Stocks – China Credit Impulse and China Stock Prices Relative to EM (Leading Indicator) China credit impulse tends to lead Chinese stock prices relative to EM by one month. Image: Alpine Macro

Stocks – Performance of Select Investment Strategies Should investors favor high growth and high margin stocks in 2022? Image: Goldman Sachs Global Investment Research

Average Gold Returns by Interest Rate Regime Generally, the price of gold tends to suffer with rising real yields. Image: Goldman Sachs Global Investment Research

Post-GFC Fed Balance Sheet Phases, Fed Funds, UST 10-Year and the S&P 500 Can U.S. stocks survive the Fed’s tapering and rate hikes? Image: Deutsche Bank