S&P 500 Trading Cycle Bullish with Rising 26 and 40-Week Moving Averages The rising 26 and 40-week moving averages suggest a bullish trading cycle for the S&P 500. Image: BofA Global Research Click the Image to Enlarge
FMS Investors – Early Cycle vs. Recession 70% of BofA FMS investors think the global economy is in an early-cycle phase. Image: BofA Global Fund Manager Survey
Equity – Short- & Long-Term Global Fund Flow Cycle Equities are currently in the zone of “strong positioning & investor buying.” Image: Goldman Sachs Global Investment Research
Euro to U.S. Dollar (EUR/USD) and China’s Credit Cycle (Leading Indicator) China’s credit cycle tends to lead the EUR/USD by one year. Image: Alpine Macro
S&P 500 Total Return – The Market Cycle Since the March low, the U.S. stock market continues to behave like a secular bull market. Image: Fidelity Investments
S&P 500 Average Across Market Cycles Since 1973 This chart puts into perspective the typical phases of the U.S. equity market since 1973. Image: Goldman Sachs Global Investment Research
S&P 500 Index Returns Based on 4-Year Presidential Cycle If the President is re-elected, stocks tend to do much better in the first two years after the U.S. election. Image: LPL Financial LLC
U.S. Treasury Yields Since 2003 Including U.S. Cycles and Key Trends Chart suggesting that the current move in U.S. Treasuries coincide with the recovery phase of the U.S. economic cycle. Image: Morgan Stanley Research
S&P 500 Average Performance through the Presidential Cycle 1872-2020 Historically, S&P 500 returns have been much better when a Democrat held the presidency. Image: BofA Global Research
U.S. Business Cycle Indicator and NBER Recession This business cycle indicator reflects a stronger than expected recovery in the United States. Image: BofA Global Research