Survey: What Is The Most Effective Risk-Off Hedge? In the latest BofA Merrill Lynch edition of the FX and rates sentiment survey, a majority of respondents preferred 10-year Treasuries as the most effective risk-off hedge. Only 6% of respondents chose gold and the yen. Image: BofA Merrill Lynch
U.S. 10-Year Treasury Bond Yield and U.S. 10-Year Nominal GDP The long-term trend in U.S. nominal GDP growth is a good indicator of U.S. nominal bond yields. Image: Goldman Sachs Global Investment Research
S&P 500 Recovery Since The Financial Crisis The chart shows that the S&P 500 has outperformed its historical recoveries since 2009. Image: Goldman Sachs Global Investment Research
Asset Classes Total Return since the Great Recession The chart shows how asset classes and economic indicators have performed since the Great Recession. The S&P 500 is the big winner. Image: Goldman Sachs Global Investment Research
U.S. Equities and The World: Earnings Growth vs. Multiple Expansion Since the 2009 low, the strong performance of the U.S. markets comes from earnings growth (73%) and multiple expansion (27%). You may also like “S&P 500 Return: Earnings Growth vs. Multiple Expansion.” Image: Goldman Sachs Global Investment Research
The GS Financial Conditions Index and The Target Fed Funds Rate The Goldman Sachs Financial Conditions Index is not at its lowest level and the current levels are quite similar than previous first rate cuts. Image: Bianco Research
S&P 500 Low Volatility Stocks Are the Best Performing Asset YTD This chart shows that S&P 500 low volatility stocks are the best performing asset year-to-date (outside of GSCI energy). Actually, high-quality stocks are a good way to protect against a weak economy. Image: Goldman Sachs Global Investment Research
Market Share of Algorithmic Trading by Asset Class Algorithmic trading has grown across asset classes, particularly in equities. Image: Goldman Sachs Global Investment Research
Is the U.S. Expansion Waning? Despite strong US GDP growth in April 2019, this chart shows that U.S. growth is not bouncing back in this late business cycle. Image: Goldman Sachs Investment Research
FED, ECB & BoJ Balance Sheets as Percent of GDP (BoJ leading 10 years) Is this chart the “Japanification” of the world? Image: In Gold We Trust-Report