Category: Blog

Who Owns the Equity Market in the United States? U.S. households’ equity ownership has declined, but remains high. Image: Deutsche Bank

Recessions – Fed Funds Rate vs. Rolling 12-Month Drawdown on Multi-Asset Portfolio of FICC and Equities Could the Fed cause the next recession by raising interest rates too soon? Image: J.P. Morgan

EUR/USD and Relative Real Rates Is there more downside risks for EUR/USD, as relative real rates now point to EUR/USD below 1.10? Image: Nordea and Macrobond

Global ESG Funds Flows The strong inflows were driven by the explosion in growing investor interest in ESG issues. Image: Goldman Sachs Global Investment Research

Average Median Forward P/E Ratio for US, UK and Eurozone Stocks vs. S&P 500 Could the S&P 500’s run slow down, as valuations in the U.S. and Europe are lofty? Image: Longview Economics

Average Forward S&P 500 Return Conditional on ISM Manufacturing Index at Time of Investment When the ISM is above 60, like today, the return on the S&P 500 tends to be negative over the next 3 and 6 months. Image: Goldman Sachs Global Investment Research

S&P 500 Sectors’ Relative Performance Sensitivity to Real Rates Can higher rates boost financials by increasing profit margins? Image: BofA US Equity & Quant Strategy

S&P 500 Index Returns Based on Various Inflation Levels Historically, the S&P 500 has generated the highest returns in periods of low inflation. Image: LPL Research

U.S. IG Corporate Bond Quarterly Total Return Year-to-date, the quarterly loss in U.S. corporate bonds exceeds that of previous years, post-2008. Image: BofA Global Research

Cumulative Flows into Factor ETFs Strong inflows into value factor since last November. How long will it last? Image: J.P. Morgan

Equity Call Volume Equity call volumes have been declining since late of January, as retail investors are focused on the economic reopening. Image: Deutsche Bank Asset Allocation