Category: Blog

S&P 500 and 10% Monthly Gains, What Happens Next? Historically, 10% monthly gains for the S&P 500 have led to continued strong returns. Image: LPL Research

S&P 500 – Top Months Since World War II The S&P 500 posted its biggest one-month gain since 1987, surging 12.7% in April. Image: CNBC

U.S. Household and Personal Saving Rate Americans are accumulating cash, as savings rate hits its highest level since 1981. The Daily Shot – The Wall Street Journal

Relative Valuation: MSCI Emerging Markets vs. S&P 500 Index Emerging markets stocks have dropped to a record valuation discount relative to U.S. equities. Image: Morgan Stanley

Stocks – GRANOLAS vs. NASDAQ Europe does not have the FAAMG, but it has the GRANOLAS (Glaxosmithkline, Roche, ASML, Nestle, Novartis, Novo Nordisk, L’Oreal, LVMH, Astrazeneca, SAP and Sanofi). Image: Goldman Sachs Global Investment Research

Contributions to % Change in U.S. Real GDP Morgan Stanley expects 38% (annualized) US real GDP decline in Q2 2020. Image: Morgan Stanley Research

U.S. – Cumulative GDP Decline During Recessions This chart suggests a contraction in U.S. real GDP of more than 12% from peak-to-trough this year, as a result of the coronavirus pandemic. Image: Oxford Economics

Change in G4 Central Bank Balance Sheets G4 central bank balance sheets are expected to expand by 29% of GDP by year-end 2021. Image: Morgan Stanley Research

Tech Giants – FAAMG vs. Tech Bubble and Nifty 50 This table puts into perspective FAAMG today vs. the tech bubble and the Nifty 50 bubble. Image: Goldman Sachs Global Investment Research

Relative Valuation: Small Caps vs. Nasdaq 100 Index The relative valuation today suggests that small caps should lead the Nasdaq 100 over the next decade. Image: Morgan Stanley

Forecast – New Path of the S&P 500 Market in 2020 Goldman Sachs has set a price target of 3000 by the end of 2020, and a new mid-year S&P 500 target of 2400. Image: Goldman Sachs Global Investment Research