AAII U.S. Investor Sentiment Bull – Bear Spread The AAII U.S. investor sentiment bull-bear spread indicates a more bearish outlook, reflecting a decline in bullish sentiment and a rise in bearish sentiment among individual investors. Image: The Daily Shot
S&P 500 Index and Yield Spread (A-Rated vs. Junk Bonds) When yield spreads between A-rated and junk bonds widen, the S&P 500 tends to fall. Therefore, it serves as a crucial leading indicator to closely monitor. Image: Real Investment Advice
Investment Grade (IG) Spread According to Goldman Sachs, Investment Grade (IG) spreads are expected to remain virtually unchanged over the next 12 months. Image: Goldman Sachs Global Investment Research
High-Yield (HY) Spread USD Goldman Sachs has a positive outlook for the high-yield bond market over the next 12 months, anticipating that high-yield spreads will tighten, driven by robust economic conditions and optimistic investor sentiment. Image: Goldman Sachs Global Investment Research
U.S. High Yield Credit Spreads vs. VIX Low high-yield credit spreads and a low VIX may suggest market positivity, but the lack of fear or volatility can paradoxically create a sense of complacency among investors, causing them to overlook potential risks. Image: Topdown Charts
U.S. Investement Grade Corporate Bond Spreads Will U.S. Investment Grade corporate bond spreads remain unchanged for an extended period? Image: BofA Global Investment Strategy
AAII Investor Sentiment Bull Minus Bear Spread The AAII investor sentiment bull minus bear spread, which is in the 91th percentile, raises legitimate concerns that the market may be overheating. Image: Deutsche Bank Asset Allocation
Correlation Between AAII Bull-Bear Spread and S&P 500 Returns The AAII bull-bear spread may not necessarily be a reliable predictor of future S&P 500 returns. Image: BofA US Equity & Quant Strategy
GAAP Earnings vs. PPI to CPI Spread The PPI to CPI spread suggests that there could be ongoing pressure on earnings. Image: Real Investment Advice
U.S. Yield Curve – Which Yield Spread Matters? An inverted yield curve, which has preceded every U.S. recession over the past 50 years, is something that investors should care about. Image: Real Investment Advice