Free Cash Flow Margin for S&P 500 and Tech Sector

Free Cash Flow Margin for S&P 500 and Tech Sector The free cash flow margin for the tech sector has risen from less than 5% in the aftermath of the Internet bubble to more than 23% today. Image: J.P. Morgan Asset Management

GWIM Cash Flows

GWIM Cash Flows This chart shows the largest cash outflow from BofA’s private clients since April 2019, while there has been a lot of cash inflow this year. Image: BofA Global Investment Strategy

Shareholder Return vs. Free Cash Flow

Shareholder Return vs. Free Cash Flow Thanks to low interest rates, shareholder return has exceeded free cash flow levels again. U.S. companies cannot spend more than they earn indefinitely. Image: Goldman Sachs Global Investment Research

Dividends and Buybacks vs. Free Cash Flow

Dividends and Buybacks vs. Free Cash Flow Dividends and buybacks have exceeded free cash flow levels again, thanks to low interest rates. But companies cannot spend more than they earn forever. Image: Capital Group

GWIM Flows to Cash 4WMA

GWIM Flows to Cash 4WMA BofA private clients have raised record amounts of cash amid uncertainty in the global economy. Image: BofA Global Investment Strategy

GWIM Flows to Cash

GWIM Flows to Cash In the current market turmoil, BofA private clients have raised record amounts of cash over the past four weeks. Image: BofA Global Investment Strategy

U.S. Equity Fund Flows vs. Bonds and Cash

U.S. Equity Fund Flows vs. Bonds and Cash This chart puts into perspective the rotation from equities to bonds and cash, as investors become cautious about further growth. Image: Goldman Sachs Global Investment Research

Global Fund Flows Since 2019

Global Fund Flows Since 2019 Bond and cash inflows have totaled $2.5 trillion since the start of 2019. Image: Goldman Sachs Global Investment Research