S&P 500 Index vs. Trailing 12-Month Earnings Per Share Earnings have diverged from the S&P 500. Earnings matter, because equities move with earnings over the long run. Image: Hayek and Keynes, Bloomberg
Global Flows YTD Chart showing a record bond inflows and equity outflows this year. Image: BofA Merrill Lynch Global Investment Strategy
New Orders to Inventory Ratio Leads Global Manufacturing PMI Chart suggesting that the new orders to inventory ratio leads global manufacturing PMI by 2 months. Image: BofA Merrill Lynch Global Investment Strategy
Share of Central Banks Cutting Rates More than 60% of the world’s central banks are easing, while the U.S. stock market is at an all-time high. Image: NBF Economics and Strategy
Gold and Silver Weekly Fund Flows This is the biggest outflows from gold since December 2016, as a more positive global outlook drives optimism. Image: BofA Merrill Lynch Global Investment Strategy
U.S. Corporate Bond Market Risk It is different this time. Since the 2008 regulations change, corporate bond market-risk-taking has moved from banks to investors in mutual funds. Image: Swedbank Research
U.S. Share Buybacks and VIX Interesting chart suggesting the relationship between U.S. share buybacks and VIX. Image: Societe Generale Cross Asset Research
Trade War: U.S. State Exports to China The trade war is hurting exports to China across the U.S.. Image: Bloomberg
Markit PMIs Composite and U.S. Real GDP Growth October PMIs suggest a modest U.S. real GDP growth. Image: Danske Bank
U.S. Repo Market and the Fed Interesting chart showing that the Fed is pumping hundreds of billions into the repo market. Image: Bianco Research
Global Debt IIF expects the global debt load to exceed $255 trillion in 2019, largely driven by the United States and China. Image: Institute of International Finance