Individual Investors Are Trading More Actively in Shares and Options The move to zero commissions in October and the lockdowns boosted individual investor volumes. Image: Goldman Sachs Global Investment Research
Equity Market Recoveries (Rise in S&P 500 Compared to Its Lows from the Past 500 Trading Days) Historically, the S&P 500 has rallied at least another 10% following a major crash. Image: Nordea and Macrobond
Volatility – Number of Days with >3% S&P 500 Moves over a 15 Trading Day Window The S&P 500’s volatility is similar to the Great Financial Crisis and the Great Depression. Image: Deutsche Bank Asset Allocation
S&P 500 and Number of Trading Sessions to Close Down 20% or More from a Peak The S&P 500 experiences its fastest fall into bear market in history. Image: Financial Times
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
Number of Trading Days in a Bear Market (MSCI World Index) Stimulus and extremely low interest rates have moved global equities higher over past decade. Image: Financial Times
The Rhythm of the Global Trading Day of Equities The desire to shorten market hours is gaining traction in Europe. Image: Financial Times
Share of Total U.S. Equity Trading Are stock pickers an endangered species? Only one-tenth of the US equity market’s trading volumes comes from fundamental equity investors. Image: Financial Times
S&P 500 Trading Volume The decline in trading volume of the S&P 500 could pose risks for investors during the next selloff due to the lack of liquidity. Image: MarketWatch
Percentage of Euro IG Credit Trading in Various Yield Buckets and Negative Yields This chart is another example of negative-yielding debt, which poses major risks for investors. Image: BofA Merrill Lynch