Category: Blog

Projected Changes in Central Bank Balance Sheets Central bank balance sheets are expected to continue to grow in 2020. Image: BofA Merrill Lynch Global Research

Major Economies Central Banks Total Assets and MSCI ACWI Chart suggesting that central bank stimulus would support financial markets in 2020 (R = 0.95 since 2009). Image: BofA Merrill Lynch Global Research

Median Age of All U.S. Homebuyers Housing affordability is difficult today. The median age of all U.S. homebuyers hit a record, rising from 31 years in 1981 to 47 years in 2019. Image: Deutsche Bank Global Research

Reserve Bank Credit, Treasury Securities and MBS This chart shows how Reserve Bank credit has increased, as the Fed has continued to add treasury securities to its balance sheet. Image: Wells Fargo Investment Institute

U.S. Bond Market Based on GDP and the forward curve, the U.S. 10-year seems less expensive right now, and may perhaps climb higher. Image: Fidelity Investments

How Has the Value of the Stock Market Changed since the Beginning of the Year? This chart suggests that most Americans are not aware of market movements. Only 40% of respondents reported that the value of the stock market has increased this year. Image: Financial Times

What Is the Yield Curve Saying Now? The current flat yield curve suggests low growth and inflation. Image: Swedbank Research

Number of U.S. IPOs and U.S. IPOs with Negative Earnings This chart shows the fall in new listings and the proportion of unprofitable U.S. IPOs at the highest level since the tech bubble. Image: J.P. Morgan Asset Management

Cumulative Net Buys of U.S. Equities by Pension Fund Clients Pension fund flows into U.S. equities have turned positive in 2H19. Image: BofA Merrill Lynch

MSCI ACWI Total Return Index – Rallies and Corrections Interesting chart showing the deviation of the MSCI AC World Total Return Index against its trend line, like the swing of a pendulum. Image: Fidelity Investments

ISM Manufacturing Index and Credit Returns Across Economic Cycles Since 2004 If investors get the ISM Manufacturing right, they do well. Image: J.P. Morgan Asset Management