U.S. Tech and Global Markets – Nasdaq Composite vs. MSCI World ex. U.S. This chart shows the dominance of U.S. tech companies in global markets, as the Nasdaq has grown bigger than the rest of the world’s stock market. Image: Goldman Sachs Global Investment Research
Breakeven Prices for Existing U.S. Oil Wells Breakeven prices for existing U.S. oil wells highlights that the current WTI oil price is too low for oil companies to make a decent return. Image: Federal Reserve Bank of Dallas Energy Survey
High vs. Low Pricing Power and Stocks Performance Companies with a high pricing power have outperformed significantly in recent years. Image: Goldman Sachs Global Investment Research
Buybacks – Quarterly Share Repurchases During Bull and Bear Markets This chart shows that companies tend to reduce buybacks during bear markets. Image: Charles Schwab
Central Bank Target Rates Who will be the next central bank to cut interest rates? Central banks have cut -3,147 basis points over the past year. Image: Arbor Research & Trading LLC
Buybacks – S&P 500 Annual Share Repurchases Goldman Sachs expects stock buybacks among S&P 500 companies to drop 5% to $675 billion this year. Image: Goldman Sachs Global Investment Research
Technology Relative to Energy and Industrials Tech companies dominate the global market as never before since the internet bubble. Image: Financial Times
Digital Money and Confidence A majority of people across the world don’t trust big tech companies to issue digital money. Image: Financial Times
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
Housing – U.S. Existing Home Sales and 30-Year Mortgage Rate This chart shows the correlation between U.S. existing home sales and the 30-year mortgage rate (inverted), and suggests further improvements in sales. Image : Piper Sandler Companies
Performance vs. S&P 500 by Uses of Cash S&P 500 companies using cash for mergers and acquisitions have outperformed since December 2017. Image: Goldman Sachs Global Investment Research