Where Has Job Growth Come from Since 2009? From a bachelor’s degree (58 millions), some college (37 millions) and high school graduates (36 millions). Actually, this interesting chart shows the importance of education in finding a job. Picture Source: Bianco Research
Growth Over U.S. Presidential Terms Since 1960, the U.S. economy has grown faster in the fourth year of the president’s term. Image: ANZ Research
10Y-2Y Yield Curve Inversion vs. S&P 500 Peaks Chart suggesting that the S&P 500 Index should not peak until June 2020. In recent history, the S&P 500 Index peaks 10 months on average after the 10Y-2Y yield curve inverts. Image: Jeroen Blokland
U.S. Rate-Cut Cycles and the U.S. Dollar The U.S. dollar has weakened only once, over the past four U.S. rate-cut cycles. Image: T. Rowe Price
Inequality – U.S. Wage Levels and Real GDP Growth Wage levels in the United States have barely budged in decades and have clearly not kept pace with economic growth. Image: Financial Times
Inflation, Hard Data and Soft Data Hard data are back above long-run averages. But the chart clearly shows the divergence between hard data and soft data. Image: Arbor Research & Trading LLC
S&P 500 Average Performance – Presidential Election Years and Incumbent Party Outcome The S&P 500 performance 90 days before the U.S. Presidential election is very accurate in predicting the election winner. If the S&P 500 is up in the 90 days leading to election day, the incumbent party usually wins. This is true for 90%…
China Credit Impulse – Reflation Cycle This chart shows that China credit impulse has not yet boosted relative earnings. Credit impulse is the change in new credit issued as a percentage of GDP. Image: Fidelity Investments
U.S. ISM Recovery and Returns: Recession vs. No Recession After a recession, U.S. equities tend to perform well during ISM recoveries. Image: Goldman Sachs Global Investment Research
U.S. ISM Contraction and Returns: Recession vs. No Recession If there is no recession, U.S. equities tend to perform well during ISM contractions. Image: Goldman Sachs Global Investment Research
Returns Driven by Central Banks? This chart suggests that equity and credit markets are no longer driven by fundamentals, at the moment. Image: Deutsche Bank Global Research