Ifo Business Expectations Index Lead German GDP Chart suggesting that the Ifo Business Expectations Index leads German GDP by 3 months. Image: Nordea and Macrobond

S&P 500 and Leading Economic Index (LEI) This chart shows that stimulus has saved the U.S. stock market each time. Saved once again? Image: Stifel

Central Banks Hiking/Cutting Policy Rate A race to the bottom in global interest rates? Central Banks policy rates have started to decline again. Image: BofA Merrill Lynch Global Research

S&P 500 and Pre-Election Year In pre-election years since 1950, the chart suggests that the U.S. stock market doesn’t bottom until Thanksgiving. Image: Ryan Detrick, LPL Financial LLC

Global PMI Cycles Interesting table showing global PMI cycles: if investors get the global PMI right, they do well. Image: Pervalle Global

Japan – Explaining 10-Year Yields Great chart suggesting that demographics explain Japan’s 10-year yields. An R² of 0.87 is quite high and significant. Image: Arbor Research & Trading LLC

Cass Freight Index and U.S. GDP The Cass Freight Index suggests first signs of manufacturing activity bottoming out. Image: Macronond, SEB X-Asset Research

World Economy – Industry as Share of Total GDP Industry represented 25% of the world’s GDP in 2018, and a larger percentage of GDP in emerging countries than in developed countries. Image: howmuch.net

Housing – U.S. Construction Spending and Recessions Historically, when the three month moving average turned negative, a U.S. recession occurred within a 12-month period, 7 times out of 9. Image: Pictet Asset Management

University of Michigan Current Economic Conditions Index and Recessions This chart shows that historical drops of more than -20 points in consumer confidence current conditions have signaled recessions since 1979. The current drop stands at…

S&P 500 EPS and South Korea Exports Chart showing the quite good correlation between S&P 500 EPS and South Korea exports, and suggesting this does not bode well for S&P 500 EPS. Image: Nordea and…