Valuation – 12-Month Forward P/E Ranges (MSCI Regions) The elevated valuation levels currently seen in U.S. and global equity markets typically indicate a risk of lower future returns, unless earnings growth accelerates sufficiently to justify these prices. Image: Goldman Sachs Global Investment Research
Nominal GDP as % World for Important Countries/Regions The Global South is rapidly emerging as the primary driver of global demographic and economic growth. For investors and businesses, it presents expanding markets and new opportunities that will be increasingly difficult to ignore. Image: Deutsche Bank
Foreign Ownership of U.S. Equities by Region European investors, major holders of U.S. stocks, could impact valuations if trade tensions rise, potentially shifting focus to European markets benefiting from fiscal stimulus and increased defense spending. Image: Goldman Sachs Global Investment Research
Equity Sectoral and Regional ETF Flows Materials, energy and healthcare ETFs are still experiencing notable outflows, leading to a decrease in investor interest. Image: J.P. Morgan
Cumulative Global Equity Fund Flows Across Regions In 2024, U.S. equities have seen notable inflows, indicating a resurgence of investor confidence despite ongoing concerns about valuations. Image: Goldman Sachs Global Investment Research
Performance – Regional Banks vs. Large Banks Would investors be better served by focusing on quality large bank names rather than trying to find value in the regional banking sector at this time? Image: BofA Global Investment Strategy
Performance – S&P Regional Banks Index vs. S&P 500 Regional banks and the equal-weighted S&P 500 have recently reached new relative lows, a concerning trend in the financial market. This trend is noteworthy given the recent S&P 500 performance. Image: Morgan Stanley Research
Cumulative Inflows to Equities by Region Will outflows from european equities persist? Image: BofA Global Investment Strategy
Cumulative Flows into Equity by Regions Flows into U.S. equities remain strong. Image: Goldman Sachs Global Investment Research
60/40 Equity/Bond Portfolio Performance Across Regions Will the 60/40 portfolio make a comeback eventually? Image: Goldman Sachs Global Investment Research
ISM Manufacturing Index and Regional Manufacturing Surveys Regional manufacturing surveys do not bode well for the ISM Manufacturing Index. Image: True Insights