Yield Spread (Baa Bonds – Utility Dividends)
Yield Spread (Baa Bonds – Utility Dividends) Chart suggesting that utilities are cheap relative to Baa bonds. Image: Morgan Stanley
Category: Blog
Cumulative S&P 500 Return Since February 12 Explained by Sevent Factors and the Residual
Cumulative S&P 500 Return Since February 12 Explained by Sevent Factors and the Residual This chart suggests that the S&P 500 is driven primarily by U.S. growth. Image: Goldman Sachs Global Investment Research
Top 5 Largest Constituents as Percent of Market Capitalization
Top 5 Largest Constituents as Percent of Market Capitalization This charts highlights the extreme concentration of market cap in the U.S. and global emerging markets in the top five stocks. Image: Credit Suisse Research
Sector Breakdown of 164 Companies that Discussed Suspending Buybacks and/or Dividends
Sector Breakdown of 164 Companies that Discussed Suspending Buybacks and/or Dividends Corporate share buybacks are declining amid the coronavirus pandemic. Image: Goldman Sachs Global Investment Research
U.S. Initial Jobless Claims and Google Trends on Unemployment Insurance
U.S. Initial Jobless Claims and Google Trends on Unemployment Insurance Google trends on unemployment insurance suggest lower initial jobless claims. Image: Nordea and Macrobond
Expected Fed Funds Rate, Negative Interest Rates and 2-Year Treasury Yield
Expected Fed Funds Rate, Negative Interest Rates and 2-Year Treasury Yield Negative U.S. yields are in sight, as Fed funds futures for June 2021 imply an expected negative rate of -0.03%. Image: Fidelity Investments
Quarterly Returns for All Public Pensions Plans
Quarterly Returns for All Public Pensions Plans Public pension plans lost a median of 13.2% in the first quarter of 2020. It was the lowest return in about 40 years. Image: Wilshire Trust Universe Comparison Service
Probability of Recovery: S&P 500 vs. Economic Data
Probability of Recovery: S&P 500 vs. Economic Data This chart shows the wide divergence between the S&P 500 and economic data. Image: J.P. Morgan
Fed Quantitative Easing (QE) and NTM P/E
Fed Quantitative Easing (QE) and NTM P/E After the Fed launched quantitative easing (QE), history suggests that there is a positive correlation between QE and a rising stock market. Image: Fidelity Investments
FANGMAN Stocks Leading in Recovery
FANGMAN Stocks Leading in Recovery An equal weight FANGMAN index is back at all-time highs. FANGMAN refers to Facebook, Amazon, Netflix, Google (Alphabet), Microsoft, Apple and Nvidia. Image: Richardson Wealth
Delinquency – U.S. Unemployment Rate and Mortgage Loans Past Due
Delinquency – U.S. Unemployment Rate and Mortgage Loans Past Due The rising unemployment rate in the United States should increase the delinquency rate. Image: Oxford Economics