Category: Blog

WTI Oil Price and Core PCE Inflation Oil prices tend to be closely linked to inflation. Image: Alpine Macro

S&P 500 Momentum Index / S&P 500 Low Volatility Index Momentum stocks are outpacing low volatility stocks. Are investors concerned of higher market fragility? Image: Morgan Stanley Wealth Management

S&P 500 Companies’ Mentions of “Inflation” per Earnings Call S&P 500 company mentions of “inflation” jumped 900% year-over-year. Can the Federal Reserve really fix this by printing more money? Image: BofA Global Research

Equities – MSCI EM Net $ Positions and U.S. Equity Net $ Positions Futures positioning in U.S. equities remain high. Image: Goldman Sachs Global Investment Research

S&P 500 Index and Fed Balance Sheet The growth of the Fed’s balance sheet tends to push the S&P 500 Index higher. Image: Morgan Stanley Wealth Management

EM vs. DM Valuation Emerging market equities look attractive relative to developed market equities. Image: Goldman Sachs Global Investment Research

VIX Seasonal Composite Historically, August-October tends to see increased risk of VIX spikes. Image: Nautilus Research

Performance – Zoom vs. Uber Price Relative and U.S. Daily COVID-19 Cases Will the outperformance of lockdown stocks vs. reopening stocks continue amid Delta variant worries? Image: BofA Global Investment Strategy

S&P 500 Index Operating Cash Flow as a Percent of Market Capitalization Market fragility remains elevated. Cash flow as a percent of market cap is close to the dotcom bubble low. Image: Morgan Stanley Wealth Management

Flows to Treasury Bond ETF U.S. Treasury bond technicals are extreme. Image: Morgan Stanley Wealth Management

Financials vs. S&P 500 and U.S. 10-Year Treasury Yields The relative performance of U.S. banks tends to track U.S. 10-year Treasury rates. Rising bond yields would be good news for financial stocks. Image: Topdown Charts