Central Bank Target Rates

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

S&P 500 Post-Crisis Movement

S&P 500 Post-Crisis Movement This chart compares the coronavirus impact on U.S. equities with past shocks. The impact looks more like the Lehman Brothers collapse. Image: The Conference Board

S&P 500 and Key Fed Dates

S&P 500 and Key Fed Dates Chart showing that the U.S. stock market has been Fed driven in the past year. Image: Credit Suisse Research

S&P 500 and Global Money Supply

S&P 500 and Global Money Supply Chart suggesting that global money supply tends to push U.S. equities higher. Image: Fidelity Investments

China Sales Exposure – Euro Stoxx 50 vs. S&P 500

China Sales Exposure – Euro Stoxx 50 vs. S&P 500 Europe equities are more sensitive than the U.S. market, as the exposure of the Euro Stoxx 50 index to China is about twice that of the S&P 500. Image: Goldman Sachs Global Investment Research

S&P 500 and Global M2 Liquidity

S&P 500 and Global M2 Liquidity This chart suggests that global M2 liquidity growth tends to push U.S. equities higher. Image: Nordea and Macrobond