Category: Blog

S&P 500 Year-Over-Year Return Explained Chart suggesting that strong housing and jobs growth explain S&P 500 returns. Image: Arbor Research & Trading LLC

Eurozone Growth Eurozone growth slows sharply, almost to zero. Image: Financial Times

Demographics – U.S. Population Projections Under Alternative Immigration Scenarios In a high immigration scenario, the U.S. population is projected to grow to 446.9 million in 2060. Image: U.S. Census Bureau

Inflation – U.S. Core CPI Goods and Core CPI Services 20 years of almost no inflation in goods. Image: Deutsche Bank Global Research

Earnings, Dividends and Valuation Chart showing the deviation of the S&P 500 Index against its trend line. The U.S. stock market needs earnings growth to rise this year. Image: Fidelity Investments

U.S. Stocks and U.S. Bonds: Returns Following Fund Flow Divergence In 2019, bond fund flows outpaced stock fund flows. The difference is the largest ever recorded ($588bn). Image: BlackRock Investment Institute

Share of IPOs with Positive Net Income in Year 1 The IPO class of 2019 is the least profitable of any year since the internet bubble. Image: Goldman Sachs Global Investment Research

Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research

Small Caps: Russell 2000 Last 12 Month Performance Grouped by Stocks > 10-Years Old and < 2-Years Old Chart suggesting more alpha among “newer” Russell 2000 small cap stocks over the last 12 months. Image: Strategas

Economy – Where People Are Losing Faith in Capitalism? Some countries appear to have more confidence in capitalism than others. Image: Statista

Median Stock EV/Sales Valuation: Russell 3000 Software vs. Total Russell 3000 The valuation of software stocks is close to the highest levels since the internet bubble. Image: Goldman Sachs Global Investment Research