Months Since Last U.S. Recession and Business Cycles

Months Since Last U.S. Recession and Business Cycles The U.S. economy has experienced record growth for 127 consecutive months. This is the longest period on record. Image: Danske Bank Research, Mikael Olai Milhøj

Global PMIs

Global PMIs Global PMIs and earnings growth across regions could suggest a strong risk-on year. Image: Fidelity Investments

Money Supply and Inflation

Money Supply and Inflation Aging is inflationary when caused by a decline in birth rate, and deflationary when caused by an increase in longevity. If the money supply grows faster than real output, then it causes inflation. And if there is a structural bottom for commodities and inflation, value could outperform growth. Image: Fidelity Investments

Momentum to Value Rotation

Momentum to Value Rotation The rotation into value suggests a rebound in global economic growth, not a recession. Image: BofA Merrill Lynch US Equity & US Quant Strategy