Price Return Indexes – MSCI World ex-US and US Valueline Composite Index Where is the bull market exactly? Today, the Valueline composite index, considered as a proxy for the U.S. market’s performance, stands at the same level as in 1998. Image: Gavekal, Macrobond
Emerging Markets Debt Yield The cost of servicing emerging markets debt denominated in U.S. dollars has fallen to almost 4%, thanks to global central bank liquidity and the weakening of the U.S. dollar. Image: Morgan Stanley Wealth Management
S&P 500 Average Performance – Presidential Election Years & Incumbent Party Outcome 1936-2016 The S&P 500 has been a great indicator in the three months prior to the U.S. presidential election. Historically, the S&P 500’s performance has been 87% accurate in predicting the winner of the election. When the S&P 500’s performance was positive, the…
10-Year Real Yields Across Regions This chart highlights the recent sharp decline of 10-year real yields in the U.S., the U.K. and Germany. Image: Goldman Sachs Global Investment Research
Valuation – Nasdaq 100 vs. S&P 500 Ratio The ratio of the Nasdaq 100 to the S&P 500 has only been higher in 2000, during the dotcom bubble. Image: U.S. Global Investors
Estimated Share of Renter Households Facing a Rental Shortfall and Potential Eviction More than 40% of U.S. renters are at risk of eviction, as the Federal eviction moratorium has expired. Image: Statista
Nasdaq Composite Relative to CSI 300 Will U.S. growth stocks continue to outperform Chinese equities? Image: Gavekal, Macrobond
Composition of Household Total Assets Chinese households are under invested in equities, with only 7% of total assets compared to 32% for U.S. households. Image: Goldman Sachs Global Investment Research
S&P 500 Excluding Five Highest and Lowest Return Days As the chart suggests, mistiming the U.S. stock market can be disastrous. Image: Goldman Sachs Global Investment Research
EU27 Nominal GDP vs. Nasdaq Market Capitalization Is tech in a bubble? The Nasdaq market capitalization is now bigger than the nominal GDP (in U.S. dollars) of the European Union’s 27 member countries. Image: Deutsche Bank