Global Manufacturing vs. Service Sector
Global Manufacturing vs. Service Sector This chart shows that the global manufacturing sector is in recession, while the service sector is doing well. Image: Deutsche Bank Global Research
Financial Services Exports Around the World
Financial Services Exports Around the World In 2018, the total global exports in financial services was $489.8 billion. The US, UK and Luxembourg make up 54% of the world’s financial services exports. Image: howmuch.net
Cost of U.S. Tariffs Across All Goods and Services
Cost of U.S. Tariffs Across All Goods and Services The estimated annual cost is about $460 for the average family. Image: The New York Times
The Ability of U.S. Companies to Service their Debt is Good
The Ability of U.S. Companies to Service their Debt is Good In recent history, this chart suggests that poor ability of U.S. companies to service their debt leads to recession. That’s not the case today. This indicator suggests that there is no imminent recession on the horizon.
Flexible and Sticky Inflation
Flexible and Sticky Inflation Sticky inflation (core services) is still increasing while flexible inflation (core goods) is declining. Image: Federal Reserve Bank of St. Louis
U.S. Wage Inflation – Average Hourly Earnings: Leisure and Hospitality
U.S. Wage Inflation – Average Hourly Earnings: Leisure and Hospitality Wage inflation is building in the service industry in a context of labor shortages. Image: BofA Global Research
S&P 500 GICs Level 1 Sector Weekly Relative Rotation Graph
S&P 500 GICs Level 1 Sector Weekly Relative Rotation Graph Technology and discretionary are weakening. Industrials and materials are leading. Financials, utilities, staples, health care and real estate are improving. Energy and communication services are lagging. Image= BofA Global Research
Quarterly Returns for All Public Pensions Plans
Quarterly Returns for All Public Pensions Plans Public pension plans lost a median of 13.2% in the first quarter of 2020. It was the lowest return in about 40 years. Image: Wilshire Trust Universe Comparison Service
U.S. ISM Composite Index and U.S. Real GDP
U.S. ISM Composite Index and U.S. Real GDP This chart shows the good correlation between the ISM Composite Index (services + manufacturing) and U.S. real GDP. What about U.S. GDP growth in 2020? Image: Deutsche Bank Global Research
U.S. ISM PMI Composite Index and U.S. Real GDP
U.S. ISM PMI Composite Index and U.S. Real GDP Chart showing the correlation between the U.S. ISM PMI Composite Index and U.S. real GDP. The service sector is still expanding. Image: Oxford Economics