Big Tech Stocks – Central Bank Liquidity and Market Capitalization of Apple, Amazon, Facebook, Google, Microsoft, Netflix and Tesla Central bank liquidity tends to push big tech stocks higher. Image: BofA Global Research
Margin Debt as a Percentage of the Market Capitalization of the S&P 500 Margin debt could have room to run relative to the market capitalization of the S&P 500. Image: BofA Global Research
Market Capitalization and Trading Volumes in Extremely High-Valuation U.S. Stocks Trading volumes in extremely high-valuation U.S. stocks have surged since 2020. Image: Goldman Sachs Global Investment Research
Valuation – the Ratio of S&P 500 Market Capitalization vs. M2 Money Supply What’s priced in? Currently, the S&P 500 trades well above the post-crisis valuation vs. M2 money supply. Image: BofA US Equity & Quant Strategy
Call Volume % of Market Capitalization Basket Performance Will stocks with the highest call option volume continue to outperform? Image: Deutsche Bank Asset Allocation
Median S&P 500 Stock Short Interest as % of Market Capitalization Median S&P 500 stock short interest remains very low at 1.5%. Image: Goldman Sachs Global Investment Research
Central Bank Liquidity and the Market Capitalization of Tech Stocks Central bank liquidity tends to push tech stocks higher. Image: BofA Global Investment Strategy
Return and Valuation – Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization The median stock with an EV/sales ratio above 20x has generated a subsequent 12-month return of -1% since 1985. Image: Goldman Sachs Global Investment Research
Short Interest as % of Market Capitalization S&P 500 Median Short interest on the S&P 500 stands now at 1.5%, the lowest level since 2004. Image: Goldman Sachs Global Investment Research
Top 5 Stocks as % of S&P 500 Market Capitalization Is it a bull trap? The S&P 500 remains more concentrated in the five largest stocks than during the dotcom bubble. Image: BofA Global Investment Strategy