Bitcoin, Cryptocurrencies and Commodities – Rolling Five-Week U.S. Search Activity Adjusted for Noise and Seasonality Interest in cryptocurrencies is waning. Is this a good thing? Image: Arbor Research & Trading LLC
IPO Activity and Market Cycle IPO activity tends to be slow in the early phases of a new bull market, but that’s not the case today. Image: Richardson Wealth
Coronavirus Pandemic – Activity in Most Major Advanced Economies Economic activity in most major advanced economies is moving sideways. Image: Bloomberg
U.S. Recessionary Manufacturing Activity U.S. manufacturing sectors are improving, with less than 50% of them in contraction. Image: Oxford Economics
Alternative Measures of U.S. Consumer Activity U.S. consumer spending increased sharply over the last few weeks and is now above its pre-coronavirus level. Image: Goldman Sachs Global Investment Research
Investors and Trading Activity in Options Investors are trading more actively in options with less than 2 weeks to maturity, driven by better visibility of the catalyst path. Image: Goldman Sachs Global Investment Research
Performance – Industrials vs. S&P 500 and Global Current Activity Indicator (CAI) Goldman Sachs upgraded industrials to outperform, as global economic growth is improving. Image: Goldman Sachs Global Investment Research
U.S. Composite Activity Indicator vs. Monthly U.S. GDP Forecast The J.P. Morgan composite activity indicator has lined up with reported monthly GDP so far, as retail enjoys swift revival in sales. Image: J.P. Morgan
Global GDP vs. Current Activity Indicator (CAI) Goldman Sachs forecasts global real GDP growth of -3.3% in 2020 and 6.4% in 2021. Image: Goldman Sachs Global Investment Research
Variation in Economic Outcomes after Sudden Stops Since 1990 (Real Activity vs. Previous Peak) Most sudden stops are often followed by a slow recovery. Image: Goldman Sachs Global Investment Research