Coronavirus Momentum
Coronavirus Momentum This chart suggests that the coronavirus momentum may fade next week, as the daily new coronavirus cases outside of China resemble the Chinese outbreak with a lag of one month. Image: Nordea and Macrobond
Coronavirus Momentum This chart suggests that the coronavirus momentum may fade next week, as the daily new coronavirus cases outside of China resemble the Chinese outbreak with a lag of one month. Image: Nordea and Macrobond
Momentum Signal Across Asset Classes Momentum signals across all asset classes have flipped to extreme risk-off. Image: Deutsche Bank Asset Allocation
Global Equity Market Sentiment Index vs. Global Economic Growth Momentum If the global equity market sentiment index remains below zero, it could suggest a slowdown in economic momentum. Image: Nomura
Momentum to Value Rotation The rotation into value suggests a rebound in global economic growth, not a recession. Image: BofA Merrill Lynch US Equity & US Quant Strategy
Correlation Between Value and Momentum The correlation between value and momentum is near record lows. Below this level, value outperformed momentum over the next 250 days (77% of the time) since 1986. Image: BofA Merrill Lynch US Equity & US Quant Strategy
Valuation – Value vs. Momentum Stocks Chart suggesting that value stocks are currently very cheap vs. momentum stocks. The relative forward P/E of value vs. momentum is at two standard deviations below the average. Image: BofA Merrill Lynch US Equity & Quant Strategy
Growth, Momentum, Volatility and Value Factor Performance Chart showing that value stocks make a comeback as momentum and growth stocks get hammered. Image: Goldman Sachs Global Investment Research
Performance – S&P 500 vs. Stoxx Europe 600 European stocks are delivering robust gains relative to the U.S. this quarter, but sustaining this momentum through year-end remains uncertain given past trends. Image: Bloomberg
S&P 500 Weekly Announced Buybacks U.S. share buyback announcements are showing strong momentum this earnings season, reflecting companies’ confidence in their financial positions and commitment to delivering shareholder value. Image: Deutsche Bank Asset Allocation
January Barometer – S&P 500 Price Return Momentum often snowballs, regardless of timing. Bulls are smiling as a bullish January performance often sets a positive tone for the entire year in the U.S. stock market. Image: Fidelity Investments
Nasdaq 100 – Consecutive Trading Sessions Above 200-Day Moving Average The Nasdaq 100 has been trading above its 200-day moving average for 467 consecutive sessions, indicating a strong bullish trend that reflects sustained investor confidence and momentum in technology stocks. Image: Bloomberg