Money Market Funds Assets as a % of Global Equity Market Capitalization Cash has been rising in the last few months but remains low as a % of global equity market capitalization. Image: BofA Global Investment Strategy
Relative Equity Market Performance – USA vs. Rest of the World How long will U.S. equities continue outperform the rest of the world? Image: Topdown Charts
M2 / Equity Market Capitalization vs. S&P 500 Could a liquidity shortage send the S&P 500 lower? Image: Alpine Macro
U.S. Equity Market – S&P 500 vs. Value Line Arithmetic Index The broad equity market has been flat, but is now starting to breakout. Image: Alpine Macro
U.S. Equity Market Sentiment and S&P 500 The equity risk indicator from Morgan Stanley is in the fear zone. Image: Morgan Stanley Research
U.S. Equity Market Sensitivities How long will liquidity fuel the U.S. stock market rally? Image: The Wall Street Journal
Valuation – U.S. Equity Market Cap to GDP and U.S. Corporate Profits to GDP Is the U.S. stock market expensive? The U.S. equity market capitalization to GDP ratio hits a new all-time high. Image: Goldman Sachs Global Investment Research
S&P 500 Index and Money Market Fund Assets as a Percent of Equity Market Capitalization Could the S&P 500 Index go higher from current levels? Image: Morgan Stanley Wealth Management
Reflation Trade – U.S. Bond and Equity Markets Is the U.S. reflation trade still alive? Image: BCA Research
Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) Demand for U.S. equities is expected to increase by US$500 billion by the end of the year, driven by U.S. households and corporations. Image: Goldman Sachs Global Investment Research