Search Results for: global market

Returns Driven by Central Banks? This chart suggests that equity and credit markets are no longer driven by fundamentals, at the moment. Image: Deutsche Bank Global Research

Cumulative Flows into U.S. Domiciled Mutual Funds and ETFs Are money-market funds flows a contrarian indicator? Image: Goldman Sachs Global Investment Research

IPO Relative Performance in 2019 The IPO market is suffering in 2019. This year’s IPO class is one of the least profitable. Image: Goldman Sachs Global Investment Research

U.S. Monthly Intervention by Currency As the chart shows, frequent interventions in the foreign exchange market were fairly common prior to 1995. Image: Goldman Sachs Global Investment Research

Trade War – Probability of a US-China Trade Deal The market-implied probability of a US-China trade deal rises to 40%. Image: Goldman Sachs Global Investment Research

Gold and Negative Yielding Debt This chart shows the strong correlation between gold and market capitalization of global negative yielding debt. Negative global yields are a support for gold.

Major Oil Supply Disruptions As a reminder, disruptions in the oil market have always led to higher oil prices. Image: BofA Merrill Lynch Global Research

Manufacturing’s Share of the U.S. Economy Manufacturing accounts for only 10% of U.S. GDP, but 25% to 45% of the market response. Image: Goldman Sachs Global Investment Research

Trade War – Probability of a US-China Trade Deal The market-implied probability of a US-China trade deal rises to only 19%. Image: Goldman Sachs Global Investment Research

U.S. Stocks with High China Sales and China Stocks with High U.S. Sales US-China trade war affects the relative performance of U.S. and China stocks vs. local market. Image: Goldman Sachs Global Investment Research