Category: Blog

Valuation – S&P 500 vs. Commodities The S&P 500 relative to commodities is trading at the highest valuation level since 1916. Image: Deutsche Bank

Trade Weighted Dollar Futures Positions vs. USTWI Should investors expect a rebound in the U.S. dollar? Image: Deutsche Bank Asset Allocation

S&P 500 Before and After ISM Hits 60 Historically, a 60 reading on the ISM is not very bullish for the S&P 500. Image: Nordea and Macrobond

China 10-Year Bond Yield and Shanghai Composite Index China is leading all asset markets. The Shanghai Composite Index could decline with Chinese bond yields as a result of a weaker growing economy. Image: BofA Global Investment Strategy

Monthly Seasonality in the S&P 500 Since 1987 Stocks tend to rise in the first month of the year. Image: Longview Economics

Growth Stocks – FAANG and S&P 500 Ex-FAANG Price-to-Sales In general, higher rates mean headwind for growth stocks. Image: BofA US Equity & Quant Strategy

% Share of Rolling Three-Month ETF Inflows Investors favored risky assets over government bonds to end 2020. Image: Arbor Research & Trading LLC Click the Image to Enlarge  

Euro to U.S. Dollar (EUR/USD) and Relative Real Rates Will the current EUR/USD trend stop and eventually reverse? Image: Nordea and Macrobond

Small Cap Stocks – Russell 2000 Total Return Bases on President/Congress Since 1979 Historically, small caps’ highest average returns have been in period of Democratic President with a Democratic Congress. Image: BofA US Equity & Quant Strategy

U.S. 10Y-2Y Yield Curve vs. U.S. Excess Liquidity (Leading Indicator) U.S. excess liquidity tends to lead the U.S. 10Y-2Y yield curve by 9 months. Image: Variant Perception Research

S&P 500 Index Returns When Democrats Controlled the White House and Congress A Democratic sweep could mean faster economic recovery and should not scare markets. Image: LPL Research