Valuation – S&P GSCI Commodity Index/S&P 500 Index
Valuation – S&P GSCI Commodity Index/S&P 500 Index Commodities remain undervalued relative to equities. Is it time to buy commodities? Image: Morgan Stanley Wealth Management
Valuation – S&P GSCI Commodity Index/S&P 500 Index Commodities remain undervalued relative to equities. Is it time to buy commodities? Image: Morgan Stanley Wealth Management
S&P 500 Cyclicals vs. Defensives Should investors expect temporary inflation spikes during the recovery and favor large tech stocks? Image: BofA Global Research
S&P 500 Index – Months from Market Bottom Should investors expect the S&P 500 to trade sideways? Image: Morgan Stanley Wealth Management
S&P 500 and Bank Reserves U.S. excess liquidity is expected to rise significantly and tends to push equities higher. Image: Nordea and Macrobond
Bubble Valuations – S&P 500 Index and S&P 500 Information Technology Sector GICS Level 1 Index (Adjusted Price/Sales Ratio) The U.S. stock market looks expensive by historical standards. Is the price-to-sales ratio worrisome? Image: Bloomberg
U.S. S&P 500 Comp Under Different Inflation/Disinflation Environments Investors should not ignore the effect that inflation can have on equities. Image: Gavekal, Macrobond
Performance – Banks, Industrials, Materials and Energy Relative to S&P 500 Pandemic losers are the winners year-to-date, as the rotation remains intact. Image: Alpine Macro
Performance – S&P 500 Tech Sector Relative to Financials Could financial stocks head higher and continue to outperform the S&P 500 tech sector? Image: Longview Economics
Bull Market – S&P 500 and Margin Debt A new high for margin debt suggests a continued bull market. Image: BofA Global Research
S&P 500 Index Companies – Total Cash U.S. companies are sitting on a record cash pile. Image: Morgan Stanley Wealth Management