Category: Blog

Change in G4 Central Bank Balance Sheets (% G4 GDP, 12M Change) G4 central bank balance sheets are expected to expand by 28% of GDP by year-end 2021. Image: Morgan Stanley Research

Earnings Growth – Mega-Cap Growth Stocks vs. S&P500 ex Mega-Cap Growth Earnings for mega-cap growth stocks are expected to reach new highs in early 2021. That’s far better than the rest of the S&P 500. Image: Deutsche Bank Asset Allocation

S&P 500 Trailing 10-Year Total Return vs. Forward 10-Year Returns Historically, forward 10-year S&P 500 returns are not correlated with trailing 10-year returns. Image: Goldman Sachs Global Investment Research

Annualized S&P 500 Dividend Yield The S&P 500 dividend yield has averaged only 1.8% over the past 20 years vs. 2.9% since 1950 and 4.2% since 1880. Image: Goldman Sachs Global Investment Research

Mega-Cap Growth Stocks vs. S&P500 ex Mega-Cap Growth The 10 mega-cap growth stocks hit new record highs, while the remaining 490 stocks are stuck in a range. Image: Deutsche Bank Asset Allocation

% S&P 500 Stocks with Dividends Greater than 10-Year Treasury Yield No alternative? 77% of S&P 500 stocks are paying dividends greater than 10-year Treasuries. Image: BofA Research Investment Committee

Russell 1000 Value/Growth Index Ratio Will value stocks outperform growth stocks in the recovery phase? Image: Bloomberg

Central Bank Balance Sheets as % of GDP The Federal Reserve appears as the central bank with the highest room to increase its balance sheet. Image: Deutsche Bank

S&P 500 vs. S&P 500 Companies Withdrawing Guidance The coronavirus pandemic is affecting earnings guidance. The 170 companies in the S&P500 that have withdrawn forward earnings guidance are underperforming the S&P500 by 10.7% YTD. Image: Morgan Stanley Wealth Management

Variation in Economic Outcomes after Sudden Stops Since 1990 (Real Activity vs. Previous Peak) Most sudden stops are often followed by a slow recovery. Image: Goldman Sachs Global Investment Research

Nasdaq 100 Optimism Index Pullback on the horizon? The Nasdaq 100 Optimism Index’s Average is the highest for the last 20 years. Image: Axios Visuals