Risky vs. Safe Assets Fund Flows

Risky vs. Safe Assets Fund Flows Risky vs. safe assets fund flows have turned negative. Image: Goldman Sachs Global Investment Research

Risk Appetite Indicator Level – Drawdowns and Up Moves

Risk Appetite Indicator Level – Drawdowns and Up Moves Time to reduce risk? When the Risk Appetite Indicator (RAI) level is above 1, near-term returns tend to be lower on average, with larger drawdowns. Image: Goldman Sachs Global Investment Research

S&P 500 Equity Risk Premium (ERP)

S&P 500 Equity Risk Premium (ERP) Goldman Sachs forecasts the ERP will fall to 4.6% this year and 4.3% in 2022. Image: Goldman Sachs Global Investment Research

S&P 500 Equity Risk Premium (Using Breakevens)

S&P 500 Equity Risk Premium (Using Breakevens) Today, the S&P 500 equity risk premium is much lower than it was in March 2020. Is a drawdown on the horizon? Image: Morgan Stanley Research

Global Market Implied Equity Risk Premiums

Global Market Implied Equity Risk Premiums Equity risk premiums are still elevated. An improvement in growth expectations and falling uncertainty should compress ERPs. Image: Goldman Sachs Global Investment Research

Global PMI and Risk Appetite Indicator

Global PMI and Risk Appetite Indicator When global PMIs are above 50 and rising, risk appetite has been mostly positive. Image: Goldman Sachs Global Investment Research