Performance – COVID-19 Reopening vs. Lockdown Portfolio and U.S. 30-Year Treasury Yield The COVID-19 “reopening portfolio” is outperforming the COVID-19 “lockdown portfolio” amid the Omicron variant surge. Image: BofA Global Investment Strategy
10-Year Rolling Real Return for a 60/40 Portfolio Lost decades for 60/40 portfolios have been more common than investors might think. Image: Goldman Sachs Global Investment Research
Real Total Return Performance of U.S. 60/40 Portfolio When will the next lost decade occur for a U.S. 60/40 portfolio? Image: Goldman Sachs Global Investment Research
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