Breadth – % of Stocks in Nasdaq Above 50-Day Moving Average Is it time to reduce exposure to tech stocks, as the Nasdaq breadth has not matched the rise in the index? Image: Morgan Stanley Research
Returns – S&P 500 Index and Crowded Names The gap between the S&P 500 Index and crowded names has been widening since 2020. Image: Morgan Stanley Wealth Management
S&P 500 Index and U.S. Corporate High Yield Average OAS Is the divergence between high yields and the S&P 500 index an early sign of tapering? Image: Nordea and Macrobond
Returns for Portfolio of 25% in Global Equities, Bonds, Commodities, Cash A diversified portfolio of 25% in global equities, bonds, commodities and cash is annualizing a 16% return, well above the historical average. Image: BofA Global Investment Strategy
U.S. 10-Year Treasury Yield and Industrial Metals/Precious Metals Index Historically, U.S. rates tend to rise when growth is strong, as it is today. Image: Morgan Stanley Wealth Management
Mention of “Optimistic” or “Optimism” on S&P 500 Earnings Calls by Quarter S&P 500 companies are becoming less optimistic. Image: BofA US Equity & Quant Strategy
Velocity of M2 Money Stock in the U.S. vs. The U.S. Deficit The rise in the U.S. deficit has coincided with a collapse in M2 velocity. Image: Real Investment Advice
Real U.S. 10-Year Yield and U.S. Real GDP Growth Will U.S. real yields remain negative despite a strong U.S. economic recovery? Image: BofA Global Research
Private-Equity Stock Performance vs. S&P 500 Thanks to low interest rates, private equity returns are rising. Image: The Wall Street Journal
6-Month S&P 500 Return and 6-Month Change in U.S. 10-Year Yield The risk of a correction in U.S. equities is increasing. Image: Goldman Sachs Global Investment Research
Global Nonfinancial Equities – Earnings-Per-Share Growth and Capex Growth A recovery in global capex growth is expected in 2021. Image: Morgan Stanley Wealth Management