Demographics – U.S. Inflation (CPI) vs. U.S. Population Aged 20-54 The population of 20-54s will start to increase and could therefore lead to a return to inflation. Image: Longview Economics
U.S. Job Growth It is the 109th consecutive month of job growth. That’s a record. Image: Ryan Detrick, LPL Financial LLC
Probability of U.S. Recession Within 12 and 24 Months Chart suggesting that the probability of U.S. recession within 12 and 24 months remains relatively moderate. Image: Goldman Sachs Global Investment Research
North America Private Equity Assets Private equity keeps on growing and now represents an important part of the economy. Image: Financial Times
U.S. Consumer Confidence and U.S. Unemployment A tight U.S. labor market and low interest rates should continue to support U.S. consumer confidence and spending. Image: Goldman Sachs Global Investment Research
U.S. Population Growth U.S. population growth is slowing to its lowest rate, due to in large part to aging population. Improvements to immigration policies would greatly help the U.S. economy. Image: TD Bank Financial Group
U.S. Dollar and S&P 500 Equity Risk Premium Higher bond yields reduce the S&P 500 equity risk premium, which weakens the U.S. dollar. Image: Morgan Stanley Research
Fed Rates Cut While The S&P 500 Traded Within 2% of a 4 Years All-Time High Don’t fight the Fed, when the Fed cuts rates while the S&P 500 trades at all-time highs. Image: Pictet Wealth Management
U.S. IPO Activity Chart showing the fall in new listings, while WeWork’s abandoned IPO. Image: Financial Times
Percentage Point Contributions to U.S. Real GDP Growth Positive contributions from government spending contributed 1.67% points to real GDP in the first three quarters of 2019. That’s the highest since 2009. Image: Ned Davis Research
U.S. Consumer Confidence and CEO Confidence The trade war keeps weighing on CEO confidence, which is near record lows, while consumer confidence has remained relatively strong. Image: Goldman Sachs Global Investment Research