Keyword: indicator

BofAML Bull & Bear Indicator The BofAML bull & bear indicator is at 5.4 and neutral vs. 5.1 last week. BofAML forecasts a price-target for the S&P 500 at 3,333 by March 2020. Image: BofA Merrill Lynch Global Research

Bear Market Risk Indicator and MSCI World Subsequent 5-Year Total Return The Bear Market Risk Indicator suggests a low single digit returns for global equities during next 5 years. Image: Goldman Sachs Global Investment Research

U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator) US annual core CPI in November stayed unchanged at 2.3%. This chart suggests that the U.S. ISM Manufacturing Index leads U.S. Core CPI by 24 months. You may also like “ISM Manufacturing Index vs. S&P 500 Index” and “U.S. Core Inflation Expected Over…

MSCI ACWI Total Return Index vs. OECD Composite Leading Indicator Chart suggesting that usually, when the OECD composite leading indicator is up (slightly), it is positive for equity markets. Image: Tomasz Hońdo

GS Bear Market Risk Indicator The GS Bear Market Risk Indicator points to fading risk, but the current level is still high anf suggests low returns. A grey line shows a bear market and/or a recession. Image: Goldman Sachs Global Investment Research

PCE Inflation vs. Output Gap (Leading Indicator) Positive output gap suggests higher core inflation next year. Image: NBF Economics and Strategy

BofAML Sell Side Indicator The BofAML’s Sell Side Indicator suggests no euphoria and equity returns of 12% over the next 12 months, putting the S&P 500 at 3,525 by year-end 2020. Image: BofA Merrill Lynch US Equity & US Quant Strategy

U.S. Market Cycle Indicators Chart suggesting that the current business cycle’s end is not imminent in the U.S.. The risk of a bear market is low when the number of market cycle indicators is greater than 10. Image: Richardson GMP

BofAML Global Investment Strategy Proprietary Indicators and BofAML Bull & Bear Indicator Table showing BofAML’s contrarian, tail risk, relative value and macro indicators. Image: BofA Merrill Lynch Global Investment Strategy Click the Image to Enlarge

BofAML Bull & Bear Indicator History The BofAML bull & bear indicator suggests a neutral signal on stocks. Image: BofA Merrill Lynch You may also like “BofAML Bull & Bear Indicator.”