S&P 500 Cumulative Price Return vs. Model Based Solely on Investment Flows and Market Liquidity The analysis from Goldman Sachs suggests that the S&P 500 has underperformed liquidity-adjusted investment flows. Image: Goldman Sachs Global Investment Research
S&P 500 Futures Liquidity and Volatility S&P 500 futures liquidity is improving, but remains at low levels and continues to be contingent on volatility. Image: Societe Generale Cross Asset Research
S&P 500 Futures Market Liquidity Liquidity in U.S. equity collapsed in early 2018 and remains at low levels. Lack of liquidity tends to lead to violent market moves. Image: Goldman Sachs Global Investment Research
U.S. Dollar Liquidity Swaps, as a Percent of the Amount Outstanding The Bank of Japan represents nearly 50% of outstanding U.S. dollar liquidity swaps, a much higher rate than any other central bank. Image: Charles Schwab
Liquidity and S&P 500 Liquidity in U.S. equity collapsed in early 2018 and remained at an extreme low. Lack of liquidity tends to lead to violent market moves. Image: Deutsche Bank Asset Allocation
Liquidity – Average Daily Trading Volumes U.S. treasuries are the most liquid class of assets, with an average of $485 billion a day in 2018. Image: howmuch.net
Trading Liquidity in U.S. Equities (for S&P 500) Chart suggesting that the lack of market liquidity may have exacerbated the impact of buybacks on U.S. equities. Image: Societe Generale Cross Asset Research
U.S. Dollar Liquidity vs. EUR/USD The inflow of U.S. dollar into the financial system should continue to grow this year and tends to support the euro against the US dollar. Image: Saxo Bank
U.S. Dollar Liquidity vs. MSCI World U.S. dollar liquidity should continue to grow this year and support global equity markets. Image: Saxo Bank
Liquidity Premium and IG Bonds The spread between low liquid and high liquid IG bonds is widening, despite the rally and the belief of an improvement in US-China trade tensions. Image: Goldman Sachs Global Investment Research
Emerging Markets and Liquidity Cycles This chart shows that investing in emerging markets also requires an understanding of global liquidity cycles. Image: Fidelity Investments