MSCI World vs. U.S. 10-Year Bond Performance Around Bear Markets After the shortest, and one of the sharpest bear markets in history, the equity vs. bond performance is now better than post-GFC. Image: Goldman Sachs Global Investment Research
MSCI World Value vs. Growth Around Bear Markets So far, the performance of value vs. growth remains worse than post-GFC. Image: Goldman Sachs Global Investment Research
Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM, MSCI World Earnings sentiment is on the rise. Image: Goldman Sachs Global Investment Research
European Stocks and MSCI World Will European stocks continue to outperform global equities? Image: Financial Times
Global Equity Market – MSCI All-Country World vs. 30-Year T-Bond After a strong rally, should investors expect a consolidation in the global equity market in the coming months? Image: BCA Research
24-Month Fwd P/E Discount of World Cyclicals vs. Defensives World Cyclicals are still trading at a discount vs. Defensives. Image: Goldman Sachs Global Investment Research
World’s 20 Most Valuable Companies – Market Value Apple remains the most valuable company in the world. Image: Financial Times
MSCI World YoY vs. VP Global Excess Liquidity (Leading Indicator) Global excess liquidity tends to lead the MSCI World Index by 12 months. Image: Variant Perception Research
Valuation – Relative Fwd P/E of U.S. vs. Rest of World How long will the U.S. continue to trade near record levels relative to the rest of the world? Image: BofA Global Research
Valuation – World Technology 12-Month Forward Earnings Yield and 10-Year Treasury Bond Yield Plus 2.5 Tech stocks are less attractive, as the world tech 12-month forward earnings yield is still below the 10-year Treasury bond yield plus 2.5. Image: BCA Research