Category: Blog

Quarterly U.S. Equity Issuance by Deal Type U.S. equity issuance hit record levels in the first quarter of 2021. Image: Goldman Sachs Global Investment Research

U.S. 10-Year Real Yield and Tapering Period Could investors see a repeat of the 2013 taper tantrum? Image: Morgan Stanley Wealth Management

% of Zombie Firms Among OECD Companies The share of zombie firms in OECD countries is increasing, as a result of governments’ response to the coronavirus crisis. Image: BofA Global Research

U.S. Equities – Margin Debt Since 1960 Is the growth of margin debt a concern? Image: Morgan Stanley Research

ISM Manufacturing Index vs. S&P 500 Ratio to 12-Month Moving Average Historically, the S&P 500 tends to pull back as economic growth peaks. Image: Deutsche Bank Asset Allocation

Interest Rates – Rate Hikes vs. Rate Cuts and Global PMI Manufacturing Global manufacturing PMI levels are screaming for policy tightening. Image: Nordea and Macrobond

Small Cap Stocks – S&P 500 and U.S. Nominal YoY GDP Growth Historically, small-caps tend to outperform large-caps during periods of accelerated GDP growth. Image: BofA ETF Research

Incremental Nominal GDP from each $1 of Additional Debt vs. U.S. Non-Financial Debt % of GDP Rising U.S. debt with falling nominal GDP per $1 of incremental debt suggests insolvency by 2040. Image: Stifel

Inflation – CPI Index Since 1976 Are inflation fears overblown? Image: BofA US Equity & Quant Strategy

S&P 500 Performance and Total Public Infrastructure Spending Historically, increases in public infrastructure spending have been countercyclical to the performance of the S&P 500. Image: Morgan Stanley Research

S&P 500 CAPE Valuation and Following 10-Year Annualized Returns Since 1950 Does valuation still matter in the long run? Elevated CAPE ratio suggests anemic stock market returns over the next 10 years (R² = 0.467 since 1950). Image: Real Investment Advice