Sentiment – Risk Appetite and Expected U.S. Equity Market Performance The risk appetite of U.S. equity investors cools this month as the risk of a U.S. recession diminishes. Image: S&P Global Market Intelligence
Gold – Beta of USD/xxx to Equity Market Volatility Related to Government Spending Gold has been a very good hedge against debt ceiling worries in the past. Image: Deutsche Bank
Equity Market Volatility Related to Uncertainty over Government Spending Equity market volatility may spike when the debt ceiling is under discussion. Image: Deutsche Bank
Money Market Fund Assets as a Percent of S&P 500 Market Capitalization Cash on the sidelines is not elevated relative to the S&P 500 market capitalization. Image: Morgan Stanley Wealth Management
Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) Demand for U.S. equities is driven by U.S. households, foreign investors, passive mutual funds and ETFs. Image: Goldman Sachs Global Investment Research
Total Equity Market Capitalization per Country The United States has the largest equity market capitalization in the world (over $41 trillion as of December 31, 2022). Image: Goldman Sachs Global Investment Research
Annual Change in Global Equity Market Capitalization The global equity market capitalization has lost $30tn year-to-date. Image: Goldman Sachs Global Investment Research
Equity Markets – Absolute Net % OW (by Sector), FMS Investors Are healthcare, staples and energy the best sectors to invest in right now? Image: BofA Global Fund Manager Survey
Do You Think Global Equity Markets Will Experience a Bear Market? Most FMS investors expect that global equity markets will experience a bear market this year. Image: BofA Global Fund Manager Survey
Global Equity Markets – MSCI ACWI Index with HY/IG Flows BofA sees a rates shock this year and remains bearish on equities and credit. Image: BofA Global Investment Strategy