World Debt

World Debt Is world’s debt flying to the moon? Image: BofA Global Investment Strategy

Margin Debt Expansion vs. Contraction

Margin Debt Expansion vs. Contraction Margin debt data supports a medium-term bullish signal, reflecting optimism among market participants and potentially driving further upward momentum in U.S. stock prices. Image: Topdown Charts

GWIM Flows to Debt

GWIM Flows to Debt The significant rate at which BofA’s private clients are selling debt may reflect a change in investment strategy. Image: BofA Global Investment Strategy

GWIM Debt Holdings as % of AUM

GWIM Debt Holdings as % of AUM The debt allocation of BofA’s private clients has been steadily rising throughout 2023. However, despite this upward trend, their debt allocation still remains below the average level. Image: BofA Global Investment Strategy

S&P 500 – Margin Debt vs. Long-Term Trend

S&P 500 – Margin Debt vs. Long-Term Trend A rise in the ratio of margin debt to the S&P 500 market cap could indicate a bullish outlook for the U.S. stock market, potentially signaling confidence in the market’s upward trajectory. Image: Topdown Charts

U.S. Federal Debt Held by the Public

U.S. Federal Debt Held by the Public The projected ballooning of the U.S. federal debt by 2050 could have negative impacts on the U.S. economy, with more interest payments, limited resources, and potential constraints on growth and government responsiveness. Image: BofA Global Investment Strategy

EM Debt Flows

EM Debt Flows The first inflow to EM debt funds after a period of more than four months indicates a potential resurgence of investor confidence towards these funds. This can be seen as a positive sign for emerging markets. Image: BofA Global Investment Strategy

Emerging Market Debt + Equity Flows

Emerging Market Debt + Equity Flows Emerging market assets saw substantial outflows, suggesting a significant decline in investor confidence and a shift towards more secure investment alternatives. Image: BofA Global Investment Strategy

U.S. National Debt vs. Debt Ceiling

U.S. National Debt vs. Debt Ceiling The United States national debt has surpassed a staggering $33 trillion. The trajectory of this ever-increasing debt is a cause for concern when it comes to long-term economic sustainability. Image: BofA Global Investment Strategy