Announced IPOs Including SPACs
Announced IPOs Including SPACs Will 2021 be the year of the SPAC bubble? Image: J.P. Morgan
Category: Blog
Euro to U.S. Dollar (EUR/USD) After U.S. Presidential Inaugurations
Euro to U.S. Dollar (EUR/USD) After U.S. Presidential Inaugurations In recent history, the EUR/USD tends to drop on average after U.S. Presidential inaugurations. Image: Nordea and Macrobond
Big Tech Stocks – Central Bank Liquidity and Market Capitalization of Apple, Amazon, Facebook, Google, Microsoft, Netflix and Tesla
Big Tech Stocks – Central Bank Liquidity and Market Capitalization of Apple, Amazon, Facebook, Google, Microsoft, Netflix and Tesla Central bank liquidity tends to push big tech stocks higher. Image: BofA Global Research
Total Return of U.S. 10-Year Tresury Index in January/February Each Year Since 1830
Total Return of U.S. 10-Year Tresury Index in January/February Each Year Since 1830 U.S. 10-year Treasuries had their third worst start to a year in 190 years. Image: Deutsche Bank
Coronavirus – Global COVID-19 Cases vs. Global Vaccines Administered
Coronavirus – Global COVID-19 Cases vs. Global Vaccines Administered Global vaccinations far exceed global COVID-19 cases. Image: BofA Global Investment Strategy
Cash – Cumulative Increase in Savings Deposits at Commercial Banks
Cash – Cumulative Increase in Savings Deposits at Commercial Banks Household excess liquidity remains strong. Is it a contrarian bullish signal for stocks? Image: Morgan Stanley Wealth Management
Valuation and Inflation
Valuation and Inflation Investors in equities should fear too much inflation and deflation, as the sweet spot for inflation is about 2% per year. Image: Fidelity Investments
Sentiment – VIX and U.S. Equity Put/Call Ratio
Sentiment – VIX and U.S. Equity Put/Call Ratio The divergence between the VIX and the put/call ratio could suggest a market susceptible to a downside shock. Image: Morgan Stanley Wealth Management
High Beta Relative to Low Volatility and Growth vs. Value
High Beta Relative to Low Volatility and Growth vs. Value The 2020 peak for Growth vs. Value does not equal the 2000 peak. Image: BofA Global Research Click the Image to Enlarge
Interest Rate Volatility – U.S. 10-Year Treasury Yields
Interest Rate Volatility – U.S. 10-Year Treasury Yields Since the start of the COVID-19 crisis, daily percentage changes in the 10-year Treasury yield remain above historical norms. Image: LPL Research
Bubble Valuations – S&P 500 Index and S&P 500 Information Technology Sector GICS Level 1 Index (Adjusted Price/Sales Ratio)
Bubble Valuations – S&P 500 Index and S&P 500 Information Technology Sector GICS Level 1 Index (Adjusted Price/Sales Ratio) The U.S. stock market looks expensive by historical standards. Is the price-to-sales ratio worrisome? Image: Bloomberg