Seasonality – 2019 S&P 500 Performance by Month vs. the 1980-2018 Average This year, the S&P 500 seasonality looked different than its historical pattern since 1980. Image: CNBC
Equities Performance and Global Manufacturing PMI Chart suggesting that equities often continue to rise after a significant bottom in the global manufacturing PMI. Image: Nordea and Macrobond
S&P 500 vs. Hedge Fund Research Global Index Hedge funds have underperformed the S&P 500 this year, but volatility has been lower. Image: Financial Times
Domestic China Equities and Bonds Held by Overseas Investors Foreign holdings of Chinese equities rose to a record high this year, despite the U.S.-China trade war. Image: Bloomberg
Euro Area Banks Relative Valuation The relative valuation of euro area banks is still below the levels of the financial crisis, due to falling interest rates and negative rates in Europe. Image: Bloomberg
U.S. Gross Government Debt to GDP U.S. government debt is expected to grow and could increase the likelihood of a fiscal crisis in the future. Image: Reuters
S&P 500 Market Capitalization Since Election Day for Three U.S. Presidents The S&P 500 market cap has increased by $8.65 trillion since the election of President Donald Trump. Image: Bespoke Investment Group
Euro Area GDP Growth According to the forecasts of 34 economists, GDP growth in the euro area is expected to dip below 1% on average in 2020. Image: Financial Times
Cumulative Number of Global Rate Cuts since the Global Financial Crisis This chart puts into perspective the cumulative number of global rate cuts since the Global Financial Crisis. In 2019, central banks in OECD countries haven’t cut this much since the Great Financial Crisis. Image: BofA Merrill Lynch Global Research
Debt, Demographics and Labor Force Growth The slowdown in the labor force in the U.S., China, Europe and Japan, represents 62% of the world’s GDP and 69% of the equity market capitalization. The labor force growth is expected to be -1% by 2055. Image: Fidelity Investments
China: Chinese Debt-to-GDP Ratios by Sector The debt-to-GDP ratio of the non-financial corporate sector accounts for the largest share of China’s debt and declined to 143% of GDP. Image: Pictet Wealth Management