Category: Blog

Beta to CPI Inflation – S&P 500, Bonds, Commodities and Gold Historically, gold tends to do well in periods of stagflation. Image: TS Lombard

Earnings Growth for U.S. IG Issuers Earnings growth has peaked. Can U.S. stocks continue do well? Image: BofA Global Research

Consensus S&P 500 Index Earnings per Share (EPS) Estimate Further earnings gains in 2022 suggest another good year for U.S. stocks. Image: LPL Research

Households – Equity (Dir + MF) and Real Estate Equity Households are loaded with equities. What could go wrong? Image: TS Lombard

Dividend Aristocrats vs. High-Yield Corporate Bonds Should investors favor dividend aristocrats over high-yield corporate bonds? Image: Alpine Macro

ISM and U.S. 10-Year Treasury Yields The ISM has a strong relationship with U.S. 10-year yields. If economic growth continues to slow, could investors expect lower yields in the coming months? Image: Real Investment Advice

Cyclical Value vs. Defensive Value Energy and financials are expected to outperform the S&P 500 as the recovery continues. Image: Topdown Charts

Performance – S&P 500 and U.S. M2 Money Supply Minus Nominal GDP Growth (Leading Indicator) Should investors expect the S&P 500 to perform poorly over the next 12 months? Image: Alpine Macro

U.S. 10-Year Treasury Yield vs. Industrials/Precious Metals How long will the U.S. 10-year Treasury yield diverge from industrials/precious metals? Image: Morgan Stanley Wealth Management

New S&P 500 Index All-Time Highs Through September Historically, a lot of new all-time highs in September tend to be bullish for Q4. Image: LPL Research

S&P 500 Total Return Decomposition Goldman Sachs expects S&P 500 returns to be moderate in 2022 and beyond, driven primarily by earnings growth. Image: Goldman Sachs Global Investment Research