Cumulative Flows from Global Investors into DM and EM funds Flows from global investors into DM and EM equity funds are just slightly positive year-to-date. Image: Goldman Sachs Global Investment Research
S&P 500 Ratio to 200 DMA and ISM Manufacturing PMI The S&P 500 was pricing an ISM Manufacturing PMI of 40. Image: Deutsche Bank Asset Allocation
S&P 500 – The Secular Bull Market Roadmap So far, U.S. stocks continue to behave like a secular bull market. Image: Fidelity Investments
U.S. Dollar Index – Democratic Administration vs. Republican Administration The U.S. dollar has weakened under President Trump, but it remains strong under President Biden so far. Image: Bloomberg
Cumulative Change in Three-Month Interest Rates Futures Across DM Economies Markets expect higher interest rates in several DM economies. Image: Goldman Sachs Global Investment Research
Headline CPI Inflation in Major DMs Has headline inflation peaked in major DMs? Image: Capital Economics
Stock Market Breadth – NYSE Stocks Above 200-DMA and S&P 500 Price Relative to 200-DMA Stock market breadth has worsened significantly over the last months. Image: Morgan Stanley Wealth Management
Cash – Currency and Deposits of DM Households Could the excess accumulation of cash drive global stock markets higher? Image: Capital Economics
CPI Inflation in Six DM Economies As inflation persists, will the Fed raise interest rates more than the market expects? Image: BofA Global Research
S&P 500 DDM-Implied Fair Value Goldman Sachs forecasts the U.S. 10-year Treasury yield at 1.6% by the end of 2021 and the S&P 500 to reach 4,700 (base case scenario). Image: Goldman Sachs Global Investment Research