S&P 500 Realized Volatility and U.S. Real GDP Growth Chart suggesting the correlation between the S&P 500 realized volatility and U.S. real GDP growth. Image: Goldman Sachs Global Investment Research
U.S. Asset Correlations and Fed Balance Sheet Trends The correlations between U.S. asset returns and Fed balance sheet growth are generally inconsistent and dimishing over time. Image: J.P. Morgan
BofA’s Fund Manager Survey Investors and S&P 500 FMS investors expect the S&P 500 to peak at 3,400. Image: BofA Global Fund Manager Survey
S&P 500 Buybacks Relative to Index Market Capitalization A recovery in corporate earnings could lead to a rebound in buybacks this year. Image: Gavekal, Macrobond
BofA’s Fund Manager Survey Global Equity Allocation FMS investors allocation to global equities is still below 50% level, consistent with prior market tops. Image: BofA Global Fund Manager Survey
Survey – Fear of Recession in the United States Recession fears recede among Americans. Image: Statista
U.S. Output Gap and Inflation This chart shows that actual U.S. GDP is higher than potential GDP. Historically, a positive output gap leads to inflation. Image: Richardson Wealth
Earnings Growth and S&P 500 Rebound in earnings coming in 2020? Analysts expect a 9.5% jump this year. Image: CNBC
Cumulative U.S. Fund Flows since 2009 In terms of cumulative fund flows, this chart highlights the decade of U.S. bonds. Image: Fidelity Investments
Global Nominal GDP Growth: 2007 vs. 2019 This chart highlights how much nominal GDP has slowed between 2007 and 2019. Image: KKR Global Macro
Inflation and S&P 500 6-Month Realised Volatility Since 1987, the S&P 500 6-month realised volatility has been the lowest, when U.S. CPI growth has been in the 2 to 3 per cent range. Image: Societe Generale Cross Asset Research