MSCI ACWI and Global Composite PMI

MSCI ACWI and Global Composite PMI Chart suggesting that global equities expect a pickup in global growth, as policy stimulus takes effect. Image: Morgan Stanley Research

MSCI U.S. EPS vs. Trend

MSCI U.S. EPS vs. Trend History shows that earnings well above the trend in the U.S. precede earning plunges. Image: Barclays Research

MSCI Emerging Markets Seasonality

MSCI Emerging Markets Seasonality Chart showing the MSCI EM seasonality chart since 1990. This is not a forecast. Image: Goldman Sachs Global Investment Research

MSCI ACWI Index – Bull and Bear Market

MSCI ACWI Index – Bull and Bear Market As Morgan Stanley points out, this is the “unsatisfying bear market”, difficult for both bulls and bears. Image: Morgan Stanley Research