S&P 500 and the Percentage of Stocks Above 10-Day MAs
S&P 500 and the Percentage of Stocks Above 10-Day MAs Bearish risk is increasing, as the percentage of stocks above 10-day MAs has weakened. Image: BofA Global Research
Return and Valuation – Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization
Return and Valuation – Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization The median stock with an EV/sales ratio above 20x has generated a subsequent 12-month return of -1% since 1985. Image: Goldman Sachs Global Investment Research
U.S. Market Concentrations – Top 500 Stocks
U.S. Market Concentrations – Top 500 Stocks U.S. market concentrations are breaking down. Image: Morgan Stanley Research
Financial Stocks vs. Financial Bonds and 5-Year U.S. Treasury Bond
Financial Stocks vs. Financial Bonds and 5-Year U.S. Treasury Bond Financial stock outperformance tends to track 5-year rates. Image: BofA Global Investment Strategy
Tech Stocks – FAAMG vs. S&P 500
Tech Stocks – FAAMG vs. S&P 500 Are investors too complacent about antitrust risks? China’s anti-monopoly actions erased China Tech stock outperformance in just two months. Image: Goldman Sachs Global Investment Research
Performance – % of S&P 500 Stocks Outperforming the Benchmark by Year
Performance – % of S&P 500 Stocks Outperforming the Benchmark by Year 2020 was a below-average year for market breadth. Stock picking is much easier in a recovery than during a downturn. Image: BofA US Equity & Quant Strategy
Flows for the Broad U.S. Asset Classes: Bonds and Stocks
Flows for the Broad U.S. Asset Classes: Bonds and Stocks This week, inflows into bonds and stocks (U.S. domiciled funds only). Image: BofA Global Research
Growth Stocks – FAANG and S&P 500 Ex-FAANG Price-to-Sales
Growth Stocks – FAANG and S&P 500 Ex-FAANG Price-to-Sales In general, higher rates mean headwind for growth stocks. Image: BofA US Equity & Quant Strategy
Small Cap Stocks – Russell 2000 Total Return Bases on President/Congress Since 1979
Small Cap Stocks – Russell 2000 Total Return Bases on President/Congress Since 1979 Historically, small caps’ highest average returns have been in period of Democratic President with a Democratic Congress. Image: BofA US Equity & Quant Strategy
Performance Small-Cap Stocks – Russell 2000 vs. S&P 500 Relative Total Returns Based on President/Congress Since 1979
Performance Small-Cap Stocks – Russell 2000 vs. S&P 500 Relative Total Returns Based on President/Congress Since 1979 Historically, small cap stocks have outperformed large cap stocks in periods of a Democratic President and Democratic Congress. Image: BofA US Equity & Quant Strategy