Performance – COVID-19 Reopening vs. Lockdown Portfolio and U.S. 30-Year Treasury Yield The coronavirus pandemic is highly correlated with yields and relative asset price performance Image: BofA Global Investment Strategy
Returns for Portfolio of 25% in Global Equities, Bonds, Commodities, Cash A diversified portfolio of 25% in global equities, bonds, commodities and cash is annualizing a 16% return, well above the historical average. Image: BofA Global Investment Strategy
Coronavirus – COVID-19 “Lockdown Portfolio” vs. COVID-19 “Reopening Portfolio” A perfect V-shaped recovery for the reopening portfolio vs. lockdown portfolio. Image: BofA Global Investment Strategy
Recessions – Fed Funds Rate vs. Rolling 12-Month Drawdown on Multi-Asset Portfolio of FICC and Equities Could the Fed cause the next recession by raising interest rates too soon? Image: J.P. Morgan
U.S. 60/40 Portfolio Real Returns and U.S. CPI Inflation Above 3% and Rising 60/40 portfolios tend to suffer when inflation is above 3% and rising. Image: Goldman Sachs Global Investment Research
Performance – All Weather Portfolio (Stocks, Bonds, Cash and Gold) The All Weather Portfolio of 25/25/25/25 in stocks, bonds, cash and gold is up 14% YTD, well above its historical annual average of 6%. Image: BofA Global Investment Strategy
U.S. 10-Year Treasury Yield Barometer of Coronavirus/Vaccine vs. Reopening Portfolio / Lockdown Portfolio Are higher Treasury yields coming on the approval of a coronavirus vaccine? Image: BofA Global Investment Stratey
Median PE Valuation on Global Factor Portfolio Historically, when value vs. growth valuation was this high, value stocks tended to outperform growth stocks. Image: Societe Generale Cross Asset Research
Total Non-Resident Portfolio into China Stocks and Bonds China remains the darling of foreign investors. Image: Institute of International Finance
60/40 Portfolio Annual Return Is a 60/40 portfolio no longer good enough, as valuations are high? Image: Financial Times