Corporate Clients – Buybacks (4-Week Average)

Corporate Clients – Buybacks (4-Week Average) Investors are likely to consider BofA’s corporate clients’ strong stock buyback activity as highly favorable. Image: BofA Securities

U.S. Investement Grade Corporate Bond Spreads

U.S. Investement Grade Corporate Bond Spreads Will U.S. Investment Grade corporate bond spreads remain unchanged for an extended period? Image: BofA Global Investment Strategy

Corporate Client Buybacks as a % of S&P 500 Market Capitalization

Corporate Client Buybacks as a % of S&P 500 Market Capitalization The stock buyback activity among BofA’s corporate clients in 4Q23 is currently trending at its highest level since 2019, which is widely seen as a positive sign for the market. Image: BofA Securities

Return – U.S. Corporate Bonds

Return – U.S. Corporate Bonds Corporate bonds have produced low annualized returns over the past 10 years. Image: BofA Global Investment Strategy

ISM Composite Index vs. Corporate Profits

ISM Composite Index vs. Corporate Profits The decline in the ISM Composite Index indicates a weakening of the U.S. economy, which could lead to lower corporate profits. Image: Merrill Lynch Wealth Management

Corporate Profits After Tax vs. S&P 500

Corporate Profits After Tax vs. S&P 500 The gap between the S&P 500 and corporate profits after tax remains wide. Has the S&P 500 more room to fall? Image: Real Investment Advice