S&P 500 and 3-Month VIX Relative to VIX (VIX3M/VIX) The 3-month VIX relative to VIX (VIX3M/VIX) now shows a bearish divergence, which tends to be a bearish signal for the S&P 500. Image: BofA Global Research
S&P 500 vs. Korean KOSPI Is the current divergence between the Korean KOSPI and the S&P 500 a red flag? Image: Lohman Econometrics
VIX and U.S. Equity Put/Call Ratio The divergence between the VIX and the put/call ratio could suggest a market susceptible to a downside shock. Image: Morgan Stanley Wealth Management
Performance of 50% Nasdaq + 50% Russell 2000 vs. S&P 500 Index Will the divergence continue to widen? Image: J.P. Morgan
USA vs. Global Ex-U.S. Equities (Relative Performance) The U.S. stock market has significantly outperformed the rest of the world over the past decade. How long can the divergence continue? Image: Topdown Charts
Russell 2000/Nasdaq 100 and Real U.S. 10-Year Yields This chart highlights the current divergence between real U.S. 10-year yields and the Russell 2000 relative to the Nasdaq 100. Image: Morgan Stanley Research
Russell 1000 American Stock Index – Growth vs. Value The gap between growth and value has widened considerably. It is now the largest divergence in decades. Image: The Economist
S&P 500 EPS vs. U.S. NIPA Corporate Profits This chart puts into perspective the wide divergence between S&P 500 EPS and U.S. NIPA corporate profits. Image: BofA Research Investment Committee
U.S. Dollar vs. S&P 500 Index Forward Price/Earnings Is there a potential risk? Chart showing the wide divergence between the S&P 500 forward P/E and the U.S. dollar. Image: Morgan Stanley Wealth Management
S&P 500 vs. Percentage of Stocks Above 50-Day Moving Average Chart showing the current divergence between the S&P 500 and the percentage of stocks trading above their 50-day moving average. Image: Fidelity Investments