GWIM Cash Allocation as % Asset Under Management

GWIM Cash Allocation as % Asset Under Management The cash allocation among BofA’s private clients is currently below the long-term average. This allocation has the potential to play a significant role in fueling the bull markets of 2024. Image: BofA Global Investment Strategy

FMS Average Cash Balance

FMS Average Cash Balance The FMS cash level has fallen to 4.2%, but it is not currently seen as a contrarian sell signal. Image: BofA Global Fund Manager Survey

Buybacks and S&P 500 Use of Cash

Buybacks and S&P 500 Use of Cash Stock buybacks are just one potential use of cash by S&P 500 companies. Companies may choose to engage in buybacks to return cash to shareholders, and potentially enhance shareholder value. Image: Goldman Sachs Global Investment Research

S&P 500 Free Cash Flow

S&P 500 Free Cash Flow Despite a decline, the S&P 500 free cash flow remains higher than the historical trend, even during the current hiking cycle. Image: BofA Research Investment Committee

FMS Investors – Net % Overweight Equities – Net % Overweight Cash

FMS Investors – Net % Overweight Equities – Net % Overweight Cash FMS investors are still more inclined to invest in the stock market and are less interested in holding cash, indicating their ongoing preference for higher-risk assets over holding cash reserves. Image: BofA Global Fund Manager Survey

Cash + T-bills % of AUM

Cash + T-bills % of AUM Will cash and T-bills serve as the driving force behind the bull markets of 2024? Image: BofA Global Investment Strategy

AAII Cash Allocations

AAII Cash Allocations High levels of cash allocations by AAII members can be a good contrarian indicator. Image: Topdown Charts