U.S. – China Competition (Focus Risk) The United States and China will eventually conclude a trade agreement, but tensions between the two countries are structural and won’t go away any time soon. Image: BlackRock Investment…
Treasury Bond Prices Around First Rate Cuts Since 1970, Treasury bonds have rallied 2-3 months before the first rate cut. Image: Ned Davis Research
World Population by Region Projected to 2100 World population is expected to increase to 10.9 billion by 2100 and 83% of the world population will live in Asia and Africa. Image: Our World in Data
Global Nominal GDP After the U.S., China is the world’s second largest economy. Its nominal GDP represents 16% of world GDP, compared to 24% for the United States. Image: Scotiabank
U.S. 10-Year Treasury Yield vs. Fed Rate Interesting chart showing that the U.S. 10-year treasury yield usually does not bottom until the Fed has finished cutting rates. Image: Deutsche Bank
EUR/USD and 10-Year Rates Differential The chart shows the Euro vs. US Dollar (EUR/USD) and how a 10-year rates differential corresponds to a stronger or weaker US dollar. Image: Oxford Economics, Macrobond
Annual Carbon Emissions in Tons (CO2) About 86% of global carbon emissions are produced by countries other than the United States. You may also like “Total Global Carbon Emissions.” Image: Bloomberg
ISM Manufacturing Index vs. Richmond Fed Survey The Richmond Fed survey suggests that the ISM Manufacturing Index could plunge to 45, but the Empire State Manufacturing Survey is a better predictor over the past two years. Image:…
ISM Manufacturing Index vs. Predictors The chart shows that the Empire State Manufacturing Survey is a better predictor of the ISM Manufacturing Index over the past two years. Image: Nordea and Macrobond
World Real GDP Growth The chart shows the world real GDP growth since 1985. Without a rebound, the world real GDP growth could be 3.1% this year. Image: Pictet Wealth Management
S&P 500 Index – Earnings & Valuation The S&P 500 valuation is high relative to history and the earnings growth estimate has fallen to +3.7% for 2019. You may also like our “Stock Market Valuation.”…