U.S. Quant Mutual Funds

U.S. Quant Mutual Funds 2019 was another tough year for quant mutual funds, as just 15% beat the U.S. stock market. Image: Financial Times

S&P 500 Total Return Decomposition by Sector

S&P 500 Total Return Decomposition by Sector Financials is the only sector that has experienced multiple contraction for the past decade. Image: BofA US Equity & Quant Strategy

S&P 500 Operating EPS vs. Normalized EPS

S&P 500 Operating EPS vs. Normalized EPS The gap between operating and normalized EPS is the widest since Q3 2007 (the prior market peak). Image: BofA US Equity & Quant Strategy

BofA Sell Side Indicator

BofA Sell Side Indicator The BofA’s Sell Side Indicator suggests no euphoria and equity returns of 12% over the next 12 months, putting the S&P 500 at 3,629 by year-end. Image: BofA Global Research US Equity & Quant Strategy

BofA Bear Market Signposts

BofA Bear Market Signposts Currently, 9 bear market signposts have been triggered vs. 15 on 10/18 market peak. Image: BofA US Equity & Quant Strategy Click the Image to Enlarge

Momentum to Value Rotation

Momentum to Value Rotation The rotation into value suggests a rebound in global economic growth, not a recession. Image: BofA Merrill Lynch US Equity & US Quant Strategy