Category: Blog

U.S. S&P 500 Comp Under Different Inflation/Disinflation Environments Investors should not ignore the effect that inflation can have on equities. Image: Gavekal, Macrobond

Personal Saving Rate and U.S. Stock Market Could the U.S. stock market see upside after the next stimulus is passed? Image: BofA Global Research

2-Year Fed Funds Expectations vs. U.S. 10-Year Treasury Yields There is a positive correlation between the change in Fed funds expectations and the change in U.S. 10-year Treasury yields. Image: BofA Global Research

China Imports of Semiconductor Manufacturing Equipment by Country China is a net importer of semiconductors and depends heavily on manufacturers from the U.S. and its allies. Image: Gavekal, Macrobond

Markets – U.S. Rate Moves Over the recent months, U.S. rate moves have generally been “healthy”. Image: BofA Global Research

U.S. Jobs – Initial and Continued Claims Initial and continued claims remain elevated, suggesting that the road to recovery is a long journey. Image: BofA Global Research

Investors and Government Stimulus Checks New retail investors are willing to invest in the stock market using government stimulus checks. Image: Deutsche Bank Asset Allocation

Performance – S&P 500 Tech Sector Relative to Financials Could financial stocks head higher and continue to outperform the S&P 500 tech sector? Image: Longview Economics

Actual vs. Predicted Change in DM Bond Yields When Regressed on PMI Level DM bond yields appear to be overpriced. Image: J.P. Morgan

S&P 500 Index Companies – Total Cash U.S. companies are sitting on a record cash pile. Image: Morgan Stanley Wealth Management

Commodities vs. China Credit Impulse (Leading Indicator) China’s credit impulse tends to lead commodities by 12 months. Image: Nordea and Macrobond