Valuation – World Technology 12-Month Forward Earnings Yield and 10-Year Treasury Bond Yield Plus 2.5 Tech stocks are less attractive, as the world tech 12-month forward earnings yield is still below the 10-year Treasury bond yield plus 2.5. Image: BCA Research
S&P 500 2021E Sector Return on Equity (ROE) vs. Price/Book Valuation Are health care and consumer staples among the sectors that show promise this year? Image: Goldman Sachs Global Investment Research
Tech Bubble – S&P 500 Information Technology and Small Cap Value Index Should investors expect small cap value stocks to soar and a repeat of the tech bubble burst? Image: Alpine Macro
Quarterly U.S. Real GDP Relative to Prerecession Path Is the U.S. economy on fire, as U.S. real GDP has recovered faster than normal? Image: Morgan Stanley Research
Small-Cap Stocks – Russell 2000 vs. S&P 500 The rally in small-caps is under pressure. Is it time to buy the dip? Image: The Daily Shot
S&P 500 Dividend Yield and U.S. 10-Year Treasury Yield The relative advantage that the S&P 500 dividend yield has held over the U.S. 10-year Treasury yield has completely disappeared. Image: Piper Sandler
U.S. Consumer Spending – Households Who Received Stimulus Payments and Households Who Did Not U.S. households who received stiumulus payments are feeling more confident about spending. Image: Quill Intelligence, LLC
Bitcoin Correlations with Asset Classes Bitcoin is positively correlated with equities and commodities. Should more investors add Bitcoin to their portfolio? Image: BofA Global Research
Oil – The Five-Year Brent Forecast Should investors expect oil prices to rise over the next few years? Image: BCA Research
Median CPI Inflation Around Pandemics/Wars Historically, inflation has not risen sharply following pandemics, because pandemics tend to lower aggregate demand. Image: Goldman Sachs Global Investment Research
U.S. Real GDP and Stock-to-Bond Ratio (Leading Indicator) The stock-to-bond ratio tends to lead U.S. real GDP by 5 months. Image: Alpine Macro