Keyword: bank

S&P 500 Levels, Bank Projections Morgan Stanley is a bear, but Wall Street expects gains for the S&P 500 in 2020 Image: Financial Times

Central Bank Gold Purchases This year, central banks are purchasing gold at record highs, due to geopolitical tensions. Image: Goldman Sachs Global Investment Research

Net Global Central Bank Hikes/Cuts Global central banks haven’t cut this much since the Great Financial Crisis. Image: BofA Merrill Lynch Global Investment Strategy

QE in 2020 and Central Banks (the Fed, ECB and BoJ) Central banks’ QE should support financial markets next year. Image: Gavekal, Macrobond

Net Percentage of Central Banks Tightening Global central banks battle the slowdown by cutting at fastest rate since the Great Financial Crisis. Image: BofA Merrill Lynch Global Investment Strategy

Projected Changes in Central Bank Balance Sheets Central bank balance sheets are expected to continue to grow in 2020. Image: BofA Merrill Lynch Global Research

Major Economies Central Banks Total Assets and MSCI ACWI Chart suggesting that central banks stimulus would support financial markets in 2020 (R = 0.95 since 2009). Image: BofA Merrill Lynch Global Research

Reserve Bank Credit, Treasury Securities and MBS This chart shows how Reserve Bank credit has increased, as the Fed has continued to add treasury securities to its balance sheet. Image: Wells Fargo Investment Institute

Central Banks Main Policy Rate and Balance Sheet – Advanced Economies vs. Emerging Markets Many central banks are running low on ammunition to fight the next downturn, after a decade of cheap money. Image: BofA Merrill Lynch Global Research

Gold Price and Central Bank Gold Sales & Purchases Chart suggesting that gold purchases from central banks have contributed to the rise in gold prices. An R² of 0.85 (since 2004) is quite high and significant. Image: BofA Merrill Lynch Global Research