Global Central Bank Balance Sheets While central banks have been active buyers of global debt since 2008, the continuation of this trend will depend on the evolving economic conditions, inflationary pressures, and the monetary policy objectives of individual central banks. Image: Real Investment Advice
Tech Stocks – G3 Central Bank Balance Sheet vs. Nasdaq 100 Will the recent divergence between central bank liquidity and the performance of tech stocks continue? Image: BofA Global Investment Strategy
U.S. Federal Debt and Federal Reserve Balance Sheet Are the Federal Reserve balance sheet and the U.S. federal debt on the way to the moon? Image: Real Investment Advice
Liquidity Policies and Central Bank Balance Sheets Central banks have barely decreased the amount of QE stock. Image: BofA Merrill Lynch
Aggregate G6 Central Bank Balance Sheet Will central bank’s quantitative tightening put downward pressure on equity markets in 2023/2024? Image: BofA Global Research
Fed Balance Sheet The shrinking of the Federal Reserve’s balance sheet can have an impact on liquidity and potentially act as a headwind for U.S. equities. Image: BofA Global Investment Strategy
Fed Balance Sheet Expansion/Contraction vs. S&P 500 The expansion of the Fed’s balance sheet tends to have a positive impact on the S&P 500. Image: Real Investment Advice
Cumulative Growth of Fed Balance Sheet and S&P 500 Index Cumulative Growth An expansion of the Fed’s balance sheet tends to push the S&P 500 Index higher (R² = 0.8668 since 2009). Image: Real Investment Advice
G5 Central Banks Balance Sheet vs. Nominal GDP Growth Shrinking global excess liquidity tends to be a headwind for equity markets. Image: J.P. Morgan
G4 Central Bank Balance Sheet Will central bank’s quantitative tightening increase pressure on financial markets? Image: BofA Global Investment Strategy