S&P 500 CAPE Valuation and Following 10-Year Annualized Returns Since 1950 Does valuation still matter in the long run? Elevated CAPE ratio suggests anemic stock market returns over the next 10 years (R² = 0.467 since 1950). Image: Real Investment Advice
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