Category: Blog

Performance – S&P 500’s Outperformance Over U.S. Treasuries Will the S&P 500’s outperformance over U.S. Treasuries continue? Image: Arbor Research & Trading LLC

Average Quarterly Analyst Over/Underestimate Compared to Actual Earnings Financial analysts play a role in market efficiency, but they tend to overestimate earnings until one quarter out. Image: J.P. Morgan Asset Management

Net U.S. Equity Purchases by Individual Investors Are individual investors going into hibernation? Image: The Wall Street Journal

Cyclical Stocks – PMI YoY Change and Industrials vs. Market Will cyclical stocks lead markets higher as the economy recovers? Image: Morgan Stanley Wealth Management

Valuation – U.S. Traling PE since 1901 Second highest PE since 1901. Does valuation still matter? Image: BofA US Equity & Quant Strategy

Global Manufacturing PMI in October Global manufacturing PMIs continue to be strong in March. Image: Morgan Stanley Research

Russell 1000 Equity Risk Premium – Value vs. Growth Value stocks have outperformed growth stocks year-to-date, and remain more attractive than growth stocks. Image: Morgan Stanley Wealth Management

Performance – S&P 500 Through First 50 Trading Days of Presidents’ First Term Joe Biden outperformed Donald Trump in terms of S&P 500 performance. Image: Axios

Cash – Value of Currencies in Circulation (% GDP) Cash remains king in the digital age, as its circulation skyrocketed last year. Image: Deutsche Bank

Inflation – S&P 500 and the CPI YoY Index The secular chart could suggest a late 1950s pattern. Rising inflation is not necessarily bearish for the S&P 500. Image: BofA Global Research Click the Image to Enlarge

U.S. 10-Year Yields After Breaking to New 6-Month High Since 2000 Should investors expect higher U.S. 10-year Treasury yields on expectations that the U.S. economy’s recovery will be faster than expected? Image: Arbor Research & Trading LLC