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Charts to WatchGlobal Market Update
November 24, 2014
Global Clients…Global Portfolios
disclosure: The opinions expressed in this Charts to Watch report are those of the author. The materials and commentary are strictly informational and should be used for research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts, including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and information used in this report are sourced from Bloomberg.
Financial Conditions
5
Developed Markets – Month to Date
6
Emerging Markets – Month to Date
7
The VIX Index (S&P 500 Implied Volatility)
8
Global Financial Stress Index (Higher Level = Higher Stress)
9
High Yield Spreads vs. Global Financial Stress Index
Fixed Income & Credit
11
US Yield Curve (Current vs. 1 Month & 12 Months Ago)
12
UST Curve vs. US Investment Grade Curve
13
U.S. Treasury 2 Year Yield
14
U.S. Treasury 10 Year Yield
15
U.S. Treasury 30 Year Yield
16
Fed’s 5 Year Forward Breakeven (Inflation Expectations)
17
Investment Grade Bond Prices
18
Investment Grade Credit Spread (BBB – 10 Yr. UST Yield)
19
High Yield Bond Prices
20
High Yield Credit Spreads (HY – 10 Yr. UST Yield)
21
Emerging Market Debt (USD Denominated)
22
Emerging Market Bond Spreads
23
Relative Bond Spreads
Global Equities
25
MSCI All Country World Index - USD
26
S&P 500 Index
27
MSCI EAFE (Europe, Australia, Far East) Index - USD
28
MSCI Emerging Markets Index - USD
29
SPX vs. EAFE vs. EM
30
Trend Analysis by Sector (S&P500)
31
Performance by Sector (S&P500)
The Economy
33
Last week’s Economic Calendar
34
Next week’s Economic Calendar
35
U.S. Economic Watch – Leading Economic Indicators
36
U.S. Economic Watch – Leading Economic Indicators
37
U.S. Economic Watch – Housing Market
38
U.S. Economic Watch – Housing Market
Currencies & Commodities
40
World Currencies vs. U.S. Dollar (6 Month Spot Returns)
41
World Currencies vs. U.S. Dollar (Spot Forecast: Q1 2015)
42
US Dollar $
43
Euro €
44
Japanese Yen ¥
45
British Pound £
46
Mexican Peso
47
Global Commodity Prices
48
Continuous Commodity Index – 5 Years
49
Gold Prices – 5 Years
50
Crude Oil Prices – 5 Years
51
High Grade Copper – 5 Years