Percent of Advanced Economy Government Bonds Outstanding by Yield As the chart shows, there is currently a large percentage of government bonds from advanced economies with yields below 1%. Image: Deutsche Bank Global Research
Trade-Weighted U.S. Dollar Index vs. Global Manufacturing PMI A stronger global growth could lead to a weaker U.S. dollar. Image: Morgan Stanley Research
U.S. Real GDP Forecast (YoY Change) U.S. Real GDP (year-over-year change) should be positive in the second quarter of 2021. Image: Goldman Sachs Global Investment Research
S&P 500 – S&P 5 vs. S&P 495 This chart highlights the outperformance of the biggest five companies in the S&P 500 vs. the remaining 495 stocks. Image: BCA Research
Bull or Bear Market? 1929 and 2009 vs. 2020 Are we at a fork in the road? Image: Fidelity Investments
Potential Impact of Tax Reform on 2021 S&P 500 EPS As the chart suggests, tax reform could reduce 2021 EPS by $20 or 12%. Image: Goldman Sachs Global Investment Research
U.S. Federal Debt A potential warning sign for the U.S. economy, as economic growth in Japan and Italy came to a halt after their debt-to-GDP ratios exceeded 100%. Image: Piper Sandler
Average S&P 500 Price Performance – U.S. Presidential Election Results The S&P 500 has been a great indicator in the three months prior to the U.S. presidential election. Image: Strategas Research Partners
Valuation – S&P 500 and Nasdaq Composite Forward P/E vs. U.S. 10-Year TIPS Yield This chart suggests the good correlation between stock multiple and U.S. real yields (inverted). Image: BCA Research
Fed Balance Sheet Forecast To infinity and beyond? The Fed balance sheet could grow at a sustained pace to fill the “policy gap”. Image: Deutsche Bank
Flows into Inflation Protection ETFs Inflation protection ETFs see record inflows as investors predict inflation return. Image: Arbor Research & Trading LLC