Category: Blog

Nasdaq Outperformance Over S&P 500 Will the Nasdaq continue to outperform the S&P 500? Image: Morgan Stanley Wealth Management

S&P 500 Equal Weight Index Minus S&P 500 Index The S&P 500 Equal Weight Index is expected to outperform the S&P 500 Index in the recovery phase. Image: Morgan Stanley Wealth Management

S&P 500 Monthly Returns Since 1985 More gains to come in Q4? Image: Goldman Sachs Global Investment Research

Cyclicals vs. Defensives and Inflation 5y/5y Forward Cyclicals tend to outperform when inflation expectations rise. Image: Goldman Sachs Global Investment Research

Performance – S&P 1500 Sub-Industry Groups Will the COVID-19 “Staying In” continue to outperform the COVID-19 “Going Out?” Image: Arbor Research & Trading LLC

VIX Curve and U.S. Election Investors expect more volatility ahead of the U.S. presidential election. Image: Financial Times

Sensitivity of S&P 500 Sector Excess Returns to 10-Year Breakeven Inflation Financials, industrials, materials and energy sectors outperform most when inflation rises. Image: Goldman Sachs Global Investment Research

U.S. Money Market Fund Holdings According to J.P. Morgan, the wall of cash may remain very high indefinitely, as defensive assets are delivering their weakest performance. Image: J.P. Morgan

Valuation – Average Forward P/E in Core PCE Inflation Ranges Since 1976​ Historically, inflation generally had a negative impact on valuations when core PCE approached 2%, in the anticipation of rate hikes. Image: Goldman Sachs Global Investment Research

Ownership of U.S. Corporate Bonds Around 28% of U.S. corporate bonds are held by non-U.S. investors. Image: BofA

Consumer Demand for Gold China is the world’s largest consumer of gold, and India is the second largest consumer of gold. Image: Financial Times