Impact of U.S. Corporate Tax Hike on S&P 500 This table suggests the impact on the S&P 500 if Joe Biden won the election and the Democrats swept both houses of Congress. Image: Societe Generale Cross Asset Research
Inequality – Contribution to the Saving Rate by Income Quintile in the U.S. The top 20% of households account for almost all the savings in the United States. Image: Goldman Sachs Global Investment Research
Long-Term Annual Real GDP Growth in the U.S. Most forecasters projects long-term real GDP growth of about 2% in the United States, except for the White House (Office of Management and Budget). Image: Committee for a Responsible Federal Budget
Inequality – Concentration of Equities Ownership by Wealth Class in the U.S. The top 1% of households owns equities, while the bottom 50% of households owns real estate. Image: Goldman Sachs Global Investment Research
Inequality – Percent of Total Investment Assets Held by Wealth Distribution The U.S. economy is not the stock market. The top 10% of American households own 84% of all stocks, and the bottom 90% own 16% of all stocks. Image: Deutsche Bank Global Research
U.S. Inflation since 2000 U.S. households are more concerned about the rising cost of medical care and housing, than overall inflation. Image: Financial Times
Valuation and Global Asset Price Cycle Interesting chart showing the current average overvaluation estimates across equities, bonds and house prices in major advanced economies. Image: Oxford Economics
Cumulative S&P 500 Buybacks 2009-2019 Are buybacks driving the show? Thanks to tax cuts and low interest rates, corporate stock buybacks are booming. Over the past decade, S&P 500 companies bought back $5 trillion shares, while cumulative flows from households and foreigners are only a drop in the bucket. But what would happend if companies reinvested instead…
U.S. Student Debt, Auto Loan Debt, Credit Card Balance, per Capita Household debt balances have been rising steadily in recent years. Image: Deutsche Bank Global Research
Annual Buying of Global Equities by Source The only buyer of equities remains corporates, not institutions and households. Image: Bernstein
Inequality – Concentration of Stock Ownership by Wealth Class in the U.S. The top 1% own 50% of stocks held by American households. Image: Yahoo! Finance