Performance – Sector Sensitivity to U.S. and Global GDP Growth The financial and industrial sectors are the most correlated with global growth. Image: Goldman Sachs Global Investment Research
Sensitivity of S&P 500 Sector Excess Returns to 10-Year Breakeven Inflation Financials, industrials, materials and energy sectors outperform most when inflation rises. Image: Goldman Sachs Global Investment Research
Stocks – U.S. Relative to Developed Markets Excluding U.S. Chart suggesting that the structural outperformance of U.S. stocks is vulnerable to an industrial recovery. Image: BCA Research
U.S. 10-Year Treasury Note Yield Year-Over-Year Change Explained Chart suggesting that the slowing industrial economy and inflation explain U.S. 10-year Treasury note yield. Image: Arbor Research & Trading LLC
The SARS Analog – Virus Outbreaks and Global Markets The chart shows the SARS analog (2002 vs. 2020), highlighting the S&P 500 Index, the MSCI China Index, emerging markets vs. U.S. EPS and the CRB Raw Industrials Index. Image: Fidelity Investments
U.S. Stock Market Performance During U.S. Presidential Election Years Chart showing the average performance of the Dow Jones Industrial Average during U.S. presidential election years, since 1900. Image: Wells Fargo Investment Institute
Stock Market Around First Rate Cut: Recession vs. No Recession The chart shows that the Dow Jones Industrial Average reacts positively to Fed first rate cuts. Image: Ned Davis Research
ANZ Global Lead Index The ANZ Global Lead Index is a leading indicator on global industrial production. The chart shows that growth momentum peaked in 2018. Currently, global growth is actually starting to moderate seriously. Image: ANZ Research
Forward Performance Following First Fed Funds Rate Cuts After first Fed rate cut, the S&P 500 performance is quite attractive on average when no recession. You may also like “Dow Jones Industrial Average Around First Fed Rate Cut.” Image: Strategas
Dow Jones Index since 1896 This great chart shows the Dow Jones Industrial Average Index since 1896 and lengthy periods of time with zero returns (dividends are not included). That’s the reason why we develop stock market forecasting models. Image: Mohnish Pabrai