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

Momentum Signal Across Asset Classes

Momentum Signal Across Asset Classes Momentum signals across all asset classes have flipped to extreme risk-off. Image: Deutsche Bank Asset Allocation

Momentum to Value Rotation

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

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

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

S&P 500 and Number of Days Above 20-Day Moving Average

S&P 500 and Number of Days Above 20-Day Moving Average While the S&P 500’s extended period above its 20-day moving average signals strong momentum, historical patterns and technical indicators point to a potential pullback or consolidation ahead. Image: SubuTrade

S&P 500 Performance After Green in Both May and June

S&P 500 Performance After Green in Both May and June Since 1988, when the S&P 500 gains in both May and June—a rare bullish sign—the rest of the year rose 15 of 16 times, averaging 8.8% gains, indicating strong momentum and positive investor sentiment for the year’s second half. Image: Carson Investment Research

S&P 500 2025 Target

S&P 500 2025 Target JPMorgan has reversed its previously cautious stance on the U.S. stock market, raising its year-end 2025 S&P 500 Index target from 5,200 to 6,000, driven by strong fundamentals, tech sector momentum, and easing trade concerns. Image: Bloomberg

S&P 500 – 13-Week and 26-Week Moving Average

S&P 500 – 13-Week and 26-Week Moving Average The S&P 500 continues to exhibit a negative medium-term trend, as shown by moving average crossover signals. Specifically, the 13-week moving average is below the 26-week moving average and is still declining, which usually points to persistent bearish momentum. Image: Bloomberg