This article looks at those in the Honorable Mentions category. Those charts worthy of mention but not quite fitting in the previous categories…
1. “The Euphoriameter” – a holistic composite view of investor sentiment based on survey responses, market risk pricing, and valuations. At present the indicator shows euphoria has become the dominant mood in the market.
3. The “governance risk premium” – some work we did on expected returns and composite governance rankings appeared to reveal a sort of governance risk premium.
4. It's all relative… the winners in global equity relative performance are: momentum, low dividend yield, growth vs value, and cyclicals vs defensives. Truly remarkable run-up in the equal weighted index of these factors.
5. Back to the fundamentals: this chart shows an interesting time series. Key point is there has been a massive reassessment of fundamentals on both the equity and bond front (and consistently – note: bonds sentiment is inverted because e.g. better economic fundamentals would be bearish bonds).
