FedEx Stock Price Leads World Trade Volume by Three Months This chart suggests that FedEx is usually a good leading indicator of the world economy. You may also like “FedEx vs. World Trade.” Image: Deutsche Bank Global Research
S&P 500/MSCI World and U.S. Dollar Trade-Weighted Index The renewed relative strength and attractiveness of U.S. assets amid global uncertainty and monetary policy differentials have played a central role in driving the U.S. dollar’s recent rebound Image: Goldman Sachs Global Investment Research
World Real Exports and Composite Trade Indicator Chart suggesting a recovery in world exports growth Image: Pictet Asset Management
Higher Tariffs on U.S.-China Trade Could Hurt World GDP This chart shows the impact and uncertainty by 2021-2022 from maintaining 25% tariffs and more. Image: Bloomberg
U.S. Broad Nominal Trade-Weighted Dollar and 200-Day Moving Average After weeks of drift, the U.S. dollar’s rebound looks more than just noise, with key gauges—like the 200-day moving average—suggesting the move has technical legs, at least in the short run. Image: BCA Research
Valuation – U.S. Equities vs. Rest of World – 12-Month Forward PE Ratios U.S. equities trade at historically high valuations versus global peers, with the premium widening. While strong fundamentals support this, it also poses risks if growth expectations decline or macroeconomic conditions worsen. Image: Deutsche Bank
The World Economy – GDP by Country The United States has maintained its position as the world’s largest economy for over a century and is projected to continue this trend in 2025, unless, of course, aliens land and demand a trade deal! Image: Visual Capitalist
U.S. Dollar Index and Rest of the World GDP A weaker U.S. dollar typically bodes well for the global economy by boosting growth prospects, improving trade dynamics, and encouraging investment in international markets. Image: BofA Predictive Analytics
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
Currency – The U.S. Dollar (USD) Is the Most Traded Currency The U.S. dollar is the most commonly traded currency in the world, followed by the euro, the Japanese yen, and the British pound sterling. Image: Morgan Stanley Research
Percentage of Company Revenue from International Trade European companies are highly dependent on foreign markets for their revenues. A rebound in world trade may benefit them directly. Image: Charles Schwab