Russell 2000 Forward P/E vs. Subsequent 10-Year Annualized Returns Should long-term investors overweight U.S. small-cap stocks in their portfolio? Image: BofA US Equity & Quant Strategy
S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield Should investors switch from U.S. stocks to U.S. Treasury bonds? Image: Morgan Stanley Research
S&P 500 and U.S. 10-Year Real Yield Should investors remain bearish on the S&P 500? Image: Morgan Stanley Research
Yield Curve – U.S. 10-Year – 2-Year Government Bond Spread The 10Y-2Y inverted yield curve does not bode well at all for the U.S. economy. Image: The Daily Shot
Yield Curve – U.S. 10-Year – 3-Month Treasury Spread The deeper inversion of the 10Y-3M yield curve is a warning signal of a coming recession in the United States. Image: The Daily Shot
Cumulative Change in 10-Year UST Yield Since First Hike Is the peak in U.S. bond yields not far away? Image: J.P. Morgan
Gold vs. 10-Year U.S. Real Rate Gold tends to be negatively correlated with U.S. real interest rates. Image: Morgan Stanley Wealth Management
U.S. 10-Year Real Rates vs. Relative Performance of Nasdaq 100 vs. S&P 500 Will the Nasdaq continue to underperform the S&P 500 as U.S. real rates rise? Image: BofA US Equity & Quant Strategy
10-Year Annualized Monthly Returns From Tech Should investors face the harsh reality of lower tech returns? Image: BofA Global Investment Strategy
10-Year Annualized Monthly Returns for the S&P 500 According to BofA, a “recession shock” is coming and new lows for U.S. stocks are likely in the first quarter of 2023. Image: BofA Global Investment Strategy