Gold vs. Real U.S. Rates

Gold vs. Real U.S. Rates The chart shows the nice correlation between real U.S. rates (inverted) and the price of gold as a defensive asset. Image: Richardson Wealth

Homeownership Disparity Deepens

Homeownership Disparity Deepens Since 1994, the gap between blacks and whites has widened, in part because starter-home prices have exploded, year after year. Inequality: you may also like “U.S. Unemployment Rate: Black or African Americans” and  “U.S. Net Worth by Wealth Bracket” and “Countries With the Highest Housing Bubble Risks.” Picture Source: Bloomberg

World Real GDP Growth

World Real GDP Growth The chart shows the world real GDP growth since 1985. Without a rebound, the world real GDP growth could be 3.1% this year. Image: Pictet Wealth Management

10Y-3M Treasury Yield Spread Adjusted for QE and QT

10Y-3M Treasury Yield Spread Adjusted for QE and QT Adjusted for quantitative easing (QE) and quantitative tightening (QT), the 10-year minus 3-month yield curve may have inverted in December 2018. Image: Morgan Stanley Wealth Management

Lower Incomes Paid the Highest Price

Lower Incomes Paid the Highest Price Low-income groups are slowly recovering after the financial crisis. Inequality: you may also like “U.S. Net Worth by Wealth Bracket.” Image: Deutsche Bank Global Research

Conference Board U.S. Leading Index vs. U.S. GDP Growth

Conference Board U.S. Leading Index vs. U.S. GDP Growth This chart shows the strong correlation between the Conference Board U.S. Leading Index Year-over-Year and U.S. GDP growth. The U.S. LEI suggests a weakness in U.S. GDP growth in Q2 2019. It is also a good recession indicator. Image: Pictet Wealth Management

World PMI Manufacturing

World PMI Manufacturing Most regions are now in contraction territory, except the United States. Image: Pictet Wealth Management

S&P 500 PE Level vs. Average 12-month Return

S&P 500 PE Level vs. Average 12-month Return The chart shows how market valuation affects future equity returns since 1930. You may also like “Why the Stock Market Valuation Matters Before a Recession?“ Image: Richardson Wealth

U.S. Debt Ratios to GDP (Household, Corporate, Government)

U.S. Debt Ratios to GDP (Household, Corporate, Government) U.S. households remain far less in debt than during the Great Recession, but U.S. corporate debt continues to rise rapidly and has exceeded record levels . Image: Pictet Wealth Management

Gold Bullion and Market Capitalization of Global Negative Yielding Debt

Gold Bullion and Market Capitalization of Global Negative Yielding Debt This chart shows a strong correlation between gold and market capitalization of global negative yielding debt. Keep in mind that negative global yields are a support for gold. Image: Pictet Wealth Management