Category: Blog

Euro to U.S. Dollar (EUR/USD) and Long-Term Average The market expects stronger EUR/USD. Image: Morgan Stanley Research

Performance – S&P 500 Growth Index – Value Index Is the value rotation over? Image: Bloomberg

Cross-Asset ETF Flows ETFs are on pace to add $466bn this year, the highest inflows ever. Image: BofA Research Investment Committee

Biden vs. Trump – Who Is Better for U.S. Stocks? Could the U.S. stock market see headwinds under President Biden? Image: CNBC

U.S. Real GDP and Fiscal Support Should investors favor risk assets in 2021, as additional fiscal support should provide a boost to growth? Image: J.P. Morgan Asset Management

Forecast – G4 Central Banks’ Balance Sheet Through 2022 The G4 central banks’ balance sheet is expected to reach $29.3 trillion by year-end 2022. Image: Morgan Stanley Research

Real Rates Among Major Economies Among major economies, China is now the only country offering positive real interest rates. Image: Gavekal, Macrobond

U.S. Dollar and U.S. Equity Relative to Developed Non-U.S. Historically, the U.S. dollar’s weakness has coincided with the outperformance of non-U.S. stocks relative to U.S. stocks. Image: Financial Times

Global Value Stocks Relative to Growth Stocks Is it time for investors to favor value stocks vs. growth stocks? Image: Financial Times

Major Central Bank Balance Sheets JPMorgan expects asset price inflation, as the expansion of global central bank balance sheets could reach $5tn in 2021. Image: Financial Times

Share of Various Bonds Outstanding in Global Bond Market by their Yields More than 70% of global bonds have a yield below 1%. Image: Deutsche Bank