Cash on the Sidelines in Money Market Mutual Funds How much cash is sitting in money market mutual funds, waiting to come back to the market? $4.8 trillion, which is about 16% of market capitalization. Image: Fidelity Investments
Inflation Assets vs. Deflation Assets The leadership remains deflationary, and the laggards remain inflationary. Deflation assets: government bonds, U.S. investment grade, S&P 500, U.S. consumer discretionary, growth and US high yield. Inflation assets: TIPS, EAFE, U.S. banks, value and cash. Image: BofA Global Investment Strategy
Change in Global Oil Stocks Global oil inventory appear to have be peaking. Goldman Sachs forecasts that excess inventories will have peaked at 1,075 mb with a draw of 60 mb in June. Image: Goldman Sachs Global Investment Research
Average Performance by S&P 500 Quality Ranks when the Profits Cycle Decelerated Historically, high quality stocks (A+) have outperformed when the profits cycle decelerates, as investors tend to pay up for stable earnings growth. Image: BofA US Equity and Quant Strategy
Fintwit’s Sentiment for COVID-19 Topics Are you a perma-bull or a perma-bear? Perma-bulls are back on Twitter! Image: Arbor Research & Trading LLC
New York Fed’s Weekly Economic Index and U.S. GDP The New York Fed’s Weekly Economic Index does not bode well for US GDP. This is the fifth consecutive week in negative double digit for the New York Fed’s Weekly Economic Index. Image: Nordea and Macrobond
Trade Tensions Events and Average Correlation of Assets Tracking China Related Risks This chart shows the risk of renewed US-China trade tensions and market pricing. Image: Goldman Sachs Global Investment Research
Gap Between High and Low Valuation Stocks Today, the gap between high and low valuation stocks is the widest since the dotcom bubble. Image: Goldman Sachs Global Investment Research
Global Corporate Profits, Level and Cumulative Loses J.P. Morgan expects global corporate profits to fall by about 70% in the first half of 2020. Image: J.P. Morgan
U.S. Inflation and Oil Prices The relationship between U.S inflation and oil prices suggests that U.S. inflation could fall further. Image: Jeroen Blokland
Alternative Measures of Consumer Activity Chart suggesting that activity is starting to pick up in the U.S., as lockdowns are easing after weeks of restrictions. Image: Goldman Sachs Global Investment Research