Passive vs. Active Rolling 6-Month Flows Flows into passive mutual funds and ETFs continue to surpass those into active funds. This trend is driven by factors such as lower costs, strong performance, and the rise of ETFs. Image: Goldman Sachs Global Investment Research
Number of Global Central Bank Hikes and Cuts The current trend of global central banks cutting interest rates at the fastest pace since August 2020 could significantly impact financial markets, borrowing costs, and overall economic activity. Image: Deutsche Bank
S&P 500 EPS Yield – IG Yield vs. TTM Buyback Yield Higher borrowing costs can discourage companies from engaging in stock buybacks. Image: BofA US Equity & Quant Strategy
House Pricing Index Rising borrowing costs and interest rates are impacting global housing markets and driving down prices in many developed markets. Image: Morgan Stanley Research
U.S. Labor Market – Multiple Jobholders, Primary and Secondary Jobs Full Time More Americans are taking on second jobs as the cost of living increases. Image: The Daily Shot
S&P 500 Operating Profit Margins U.S. profit margins have narrowed as corporate prices have become lower than labor costs. Image: BCA Research
Inflation – NYB Arabica Coffee A cup of coffee could cost more, as arabica coffee beans continue to rise. Image: The Daily Shot
CME’s Bitcoin Reference Price vs. Futures Only Return Buying Bitcoin via futures could be costly for long-term investors. Image: The Wall Street Journal
Inflation – Small Businesses’ Single Most Important Problem Inflation and cost of labor are affecting small businesses. Image: Arbor Research & Trading LLC
U.S. Fiscal Effects of Enacted and Proposed Legislation U.S. fiscal support is boosting growth at the cost of increased debt. Image: Goldman Sachs Global Investment Research
Fiscal Stimulus in the Major Economies U.S. fiscal stimulus is boosting growth at the cost of increased debt. Image: BofA Global Research