Developed Country Policy Rates Above the United States
Developed Country Policy Rates Above the United States Look for the mistake: the number of countries with a policy rate above the U.S. is zero. Image: Bianco Research
Category: Blog
U.S. ISM Manufacturing Index vs. U.S. ISM Non-Manufacturing Index
U.S. ISM Manufacturing Index vs. U.S. ISM Non-Manufacturing Index Although the non-manufacturing sector’s growth slowed, it continues to reflect strength for now. Image: Nordea and Macrobond
S&P 500 Gap Risk
S&P 500 Gap Risk The S&P 500 Index is subject to significant gap risks under the Presidency of Donald Trump. Image: Hayek and Keynes
U.S. Buybacks vs. European Buybacks
U.S. Buybacks vs. European Buybacks This chart shows that European buybacks are not as popular as they are in the U.S.. Image: Goldman Sachs Global Investment Research
MSCI World Index and U.S. 10-Year Treasury Yield
MSCI World Index and U.S. 10-Year Treasury Yield When bond yields climb, equities often take a hit or simply lose momentum. The pattern is familiar: P/E multiples stall and money rotates out of long‑duration growth stocks, even though the rally isn’t dead. Image: Bloomberg
Demographics and U.S. 10-year Treasury Yield
Demographics and U.S. 10-year Treasury Yield The trend in global savings has turned. The chart suggests that the dis-saving phase is likely to be inflationary. Image: Gavekal, Macrobond
Forward PE Ratio and Real 10-Year Treasury Rate
Forward PE Ratio and Real 10-Year Treasury Rate Lower real 10-year Treasury rates suggest lower equity market multiples. Image: Morgan Stanley Research
Global Negative Yielding Bonds
Global Negative Yielding Bonds This chart shows all bonds in the world at negative interest rates. Image: Goldman Sachs Global Investment Research
Total Allocated Exchange Reserves by Currency
Total Allocated Exchange Reserves by Currency The U.S. dollar represents 61% of all central bank foreign reserves. And the total value of all currencies held in foreign exchange reserves is almost $11 trillion. Image: howmuch.net
MSCI All Country World Index (ACWI) – Period of Consolidation
MSCI All Country World Index (ACWI) – Period of Consolidation Exane is bullish and suggests that the MSCI ACWI might be nearing an end to this period of consolidation. Image: Exane BNP Paribas
Stocks Dividend Yields Exceed Government Bond Yields in Major Countries
Stocks Dividend Yields Exceed Government Bond Yields in Major Countries In major countries, dividend yields are now significantly higher than yields on 10-year bonds. Image: Charles Schwab