Median Global Real Return in USD by Asset Class While the 60/40 portfolio can’t match stocks in full bull mode, its long-run performance comes surprisingly close — a reminder that bonds still ground both risk and reward in a disciplined portfolio. Image: Deutsche Bank
Equity Allocation as % of Household Financial Assets Equities dominate household portfolios in the U.S., Australia, and Sweden, but caution still rules in Europe and Japan, where cash and liquid assets remain king. Image: Goldman Sachs Global Investment Research
S&P 500 CAPE Ratio vs. U.S. Households Holding of Equities % Total Financial Assets U.S. households have never been this deep in equities. It’s a sign of booming wealth and market faith — but also a setup for sharper pain if a correction brings valuations back down to earth. Image: Topdown Charts
Positions in S&P 500 Equity Futures by Asset Managers and Leveraged Funds U.S. stocks are hitting record highs, but asset managers and leveraged funds are still running light on S&P 500 futures—leaving plenty of fuel for this rally to run even hotter. Image: Bloomberg
Asset Bubbles – Bitcoin, Equities and Bonds While caution is always warranted and some assets look frothy, extreme market bubbles are not apparent right now—though pockets of overvaluation do remain. Image: Deutsche Bank Research
U.S. Money Market Fund Assets vs. Federal Funds Effective Rate U.S. money market funds typically experience asset inflows during rate hikes but see outflows approximately 12 months after the Fed initiates rate cuts. Image: Real Investment Advice
Aggregate Financial Asset Allocation Among Households, Mutual Funds, Pension Funds, and Foreign Investors Investor allocation to equities has reached an all-time high, driven by retail enthusiasm and strong performance. However, rising valuations and concentrated leadership call for careful risk management. Image: Goldman Sachs Global Investment Research
Cross Asset Flows as a % of Assets Money market funds continue to attract strong investor interest, providing safe and profitable short-term opportunities in the current high-interest-rate environment. Image: Deutsche Bank Asset Allocation
U.S. Household Ownership of Stocks, % of Total Assets An elevated equity exposure among U.S. households does not necessarily signal an imminent market downturn, but it underscores the importance of cautious investment strategies and prudent portfolio management. Image: J.P. Morgan
Returns for Major Global Financial Assets The S&P 500 index rose 2.17% in July, which has historically been the best month in post-election years and over the past two decades. Image: Deutsche Bank
Asset Class Returns Diversified portfolios demonstrated strong resilience during the U.S. stock market drawdowns in the first half of 2025 by cushioning losses and providing more stable returns. Image: J.P. Morgan Asset Management