December Return vs. All Months Return
December Return vs. All Months Return Historically, the percentage of positive returns in December has been above average for stocks and bonds since 1990. Image: Goldman Sachs Global Investment Research
December Return vs. All Months Return Historically, the percentage of positive returns in December has been above average for stocks and bonds since 1990. Image: Goldman Sachs Global Investment Research
Volatility of U.S. GDP Growth, Inflation and Unemployment Rates Interesting chart showing the decline in volatility of the U.S. economy that occurred in the 1980s. Image: Goldman Sachs Global Investment Research
Historical S&P 500 December Returns December 2018 was the worst december for U.S. equities since the Great Depression. Image: Goldman Sachs Global Investment Research
Distribution of Monthly S&P 500 Returns Since 1928 December was an abnormally bad month for U.S. equities in 2018. Image: Goldman Sachs Global Investment Research
STOXX Europe 600 EPS Revisions This year, SXXP EPS revisions have not been worse than a typical year. Image: Goldman Sachs Global Investment Research
Bull Market: Percentage of Assets With Returns Lower Than T-Bills 2019 was a ‘bull market in everything’. Should investors be worried? Image: Goldman Sachs Global Investment Research
Distribution of Subsequent S&P 500 Returns From Different Levels of 12M Forward P/E Chart suggesting that equity returns can be strong, even though U.S. equities are currently expensive. Image: Goldman Sachs Global Investment Research
Average Valuation Percentile: Equity, Bond, Credit Chart suggesting that credit and equities look expensive, while bonds are the most expensive. Image: Goldman Sachs Global Investment Research
U.S. Interest Rate-Growth Differential and Short-Term Lending Rate Since 1880, U.S. interest rates have been higher than growth 32% of the time. Image: Goldman Sachs Global Investment Research
Median S&P 500 12-Month Returns Based on Control of U.S. Government A unified government under the Democrats could represent a major risk for the S&P 500 in 2020. Image: Goldman Sachs Global Investment Research