Category: Blog

Global GDP Growth Scenarios Deutsche Bank expects two quarters of global negative growth in 2020. Image: Deutsche Bank

Change in P/E vs. Change in VIX Higher volatility suggests lower multiples. Image: Credit Suisse

S&P 500 Earnings Yield Less 10-Year U.S. Treasury Yield Goldman Sachs expects the yield gap will narrow to 395 bp by the end of the year. Image: Goldman Sachs Global Investment Research

U.S. GDP Growth Scenario Chart suggesting that U.S. GDP could improve significantly in the fourth quarter of 2020. Image: Deutsche Bank

Austria Century Bond Yield Austria century bond yield plunges as coronavirus fears intensify. Image: Bloomberg

ICE Brent Crude Oil Price and NYMEX Crude Oil Price Oil price plummets, as OPEC+ failed to agree production cuts. Image: The Daily Shot

Equity Market Reaction to Improvement in Outbreak Charts showing that the low for equities in China was reached on Day 20, and in Korea on Day 11. Image: BofA Global Research

Earnings Sentiment Chart showing unusually low levels of earnings sentiment. Image: Goldman Sachs Global Investment Research

S&P 500 and NYSE Down Volume Ratio Four of the past nine days have seen NYSE down volume ratio above 88%. Historically, the S&P 500 rallied every time over the next year, with a median return of 24.3% since 1962. Image: Sentimentrader

Buybacks – S&P 500 Annual Share Repurchases Goldman Sachs expects stock buybacks among S&P 500 companies to drop 5% to $675 billion this year. Image: Goldman Sachs Global Investment Research

S&P 500 Decline and P/E Change in Recessions Historically, following a recession, the S&P 500 fall by a median of 22% from peak to trough and S&P multiples contract by a median of 21%. Image: Goldman Sachs Global Investment Research