S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield The S&P 500 Equity Risk Premium has increased over the last few weeks.. Image: Morgan Stanley Research
Consolidated Equity Positioning Consolidated equity positioning is in the 9th percentile. Image: Deutsche Bank Asset Allocation
Flows into Global Equity Funds Flows into global equity funds have been very strong. Image: Goldman Sachs Global Investment Research
Equity – Leveraged Funds and Asset Managers Net Future Positions Leveraged funds and asset managers remain net long on equities. Image: Goldman Sachs Global Investment Research
Positions in U.S. Equity Futures by Asset Managers and Leveraged Funds Asset managers and leveraged funds have decreased their long positions in U.S. equity futures since the beginning of the year. Image: J.P. Morgan
Total Equity Fund Flows U.S. equity funds have seen outflows of $30 billion over the past two weeks. Image: Deutsche Bank Asset Allocation
Monthly Equity Flows – U.S. vs. Non-U.S. U.S. equities have seen the highest monthly inflows on record relative to the rest of the world. Image: Goldman Sachs Global Investment Research
Emerging Market Equity Flows Flows into EM equities remain strong. Image: BofA Global Investment Strategy
Equity Risk Premium (ERP) – S&P 500 Earnings Yield Minus 10-Year Treasury Yield The S&P 500 looks attractive relative to bonds. Image: Truist