Search Results for: portfolio

Average U.S. Yield Curve Level and U.S. Recessions The U.S. yield curve is likely to steepen further. Image: Scotiabank GBM Portfolio Strategy

China Credit Impulse and Germany PMI (Leading Indicator) China credit impulse tends to lead Germany PMI by 6 months. Image: Scotiabank GBM Portfolio Strategy

S&P 500 Historical Bear Markets and Recoveries since 1929 The all-time high came after a recovery from the shortest bear market in S&P 500 history. Image: Scotiabank GBM Portfolio Strategy

Nasdaq 100 Deviation from 200-Day Moving Average The risk of a reversion grows, as the Nasdaq 100 trades 2-standard deviations above the 200 DMA. Image: Scotiabank GBM Portfolio Strategy

Gold Investment Physical Ex-Central Banks and Indices, of Equity Markets How much gold should an investor have in his investment portfolio? BofA suggests an optimized allocation to gold of approximately 4.5%. Image: BofA Global Research

S&P 500 and % of Stocks Above their 200-Day Moving Average More than 90% of S&P 500 stocks are trading above their 50-day moving average, but just 47% are above their 200-day moving average today. This chart suggests there’s room for improvement. Image: Scotiabank GBM Portfolio Strategy

S&P 500 Forward P/E Drawdown This chart puts the S&P 500 forward P/E drawdown into perspective. Image: Scotiabank GBM Portfolio Strategy

VIX and MOVE Rolling Correlation Periods of high correlation between safe and risk assets are generally not good for balanced portfolios, because diversification is hard to find. Image: Arbor Research & Trading LLC

Heightened Correlations to U.S. Treasury Implied Volatility (MOVE) Followed by Higher Yields This chart suggests that balanced portfolios could suffer as U.S. Treasury yields generally rise after heightened correlation. Image: Arbor Research & Trading LLC

VIX and MOVE Correlation Periods of high correlation between VIX and MOVE are not good for balanced portfolios, because diversification is hard to find. Image: Arbor Research & Trading LLC

Annual Performance of Gold and the S&P 500 since 1980 One of the advantages of gold is that it is uncorrelated to the U.S. stock market and provides diversification in a portfolio. Image: The Wall Street Journal