Returns – S&P 500 Industry Group Sensitivity to Real Rates and Breakeven Inflation Should investors overweight healthcare and financials for 2022? Image: Goldman Sachs Global Investment Research
U.S. Household Debt as % of GDP The COVID-19 pandemic led to a spike in U.S. household debt as a % of GDP. Image: BofA Global Research
U.S. 10Y-2Y Yield Curve and Recessions Historically, an inverted yield curve has been an excellent indicator of a pending economic recession in the United States. Image: Deutsche Bank
Small Cap Stocks – Next 12 Months Price/Earnings Ratio, Russell 2000 Relative to S&P 500 U.S. small caps look attractive relative to the broad market. Image: Morgan Stanley Research
Baltic Dry Index – Dry Bulk Shipping Costs The Baltic Dry Index is now down 50% since the October peak. Image: BofA Research Investment Committee
Global Equities – 50-Day Moving Average Breadth Global equities breadth has worsened significantly since the beginning the year. Image: Topdown Charts
NYSE Stocks Advance-Decline Line The NYSE stocks advance-decline line did not sustain a bullish breakout in late 2021, which suggests weaker breadth. Image: BofA Global Research
S&P 500 Corrections and 1-Year Performance Following Correction by Presidential Cycle Is the S&P 500 headed for a big correction in 2022? Image: Strategas Research Partners
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