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A Bird's Eye View Blog

Fireside Charts 7.9.18

By:BCM Investment Team | Date:Jul09, 2018 | Category: Equity, Economics, Market Highlights, Fireside Charts
US employment is the strongest we have seen but with US- China tensions high, trade war risks continue to mount. We share a great recap chart of GDP growth in the Eurozone alongside other select countries. Plus, industrial production out of Europe ticked to the upside, a chart on the S&P 500® Weekly since post-recession times gives us perspective in this record-long bull and a YTD look at small-caps leading the way. 


1. We try to stay away from estimates but this is too important...

 

rising us china trade tensions

Source: WSJ Daily Shot,  As of 7/8/18

 

 

2. A great recap of GDP growth in select countries

 

ssga econimic growth

Source: SSGA,  As of 79/18

 


3. Welcome news for European economic growth.


germany industrial production yoy

Source: WSJ Daily Shot; As of 7/8/18

 

 

4. Was Friday's "goldilocks" job report as good as it gets?


unemployment rate

Source: WSJ Daily Shot,  As of 7/5/18

 

 

5. Yet in most countries the wage growth has been muted.


oecd unemployment rate

Source: WSJ Daily Shot,  As of 7/8/18

 

 

6. Is a saucer pattern forming?

bank of america merrill lynch us high master yield

Source: WSJ Daily Shot,  As of 7/5/18

 

 

7. Note the yield on Asian Junk bonds has doubled in 2018. Is there a message here?

  

 bloomberg barclays asia usd high yield bond index average

Source: WSJ Daily Shot; As of 7/6/18

 

 

8. As we approach the longest bull market in history, a quick look at the ride so far...

 

standard & poors 500 weekly

Source: Thechartstore.com; As of 6/15/18

 

 

9. Due to their relative lack of international exposure, small caps are seen as less susceptible to trade war/tariffs.

2018 year to date percantage change

Source: Thechartstore.com,  As of 7/9/18

 

 

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Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.