FMS Investors – Net % Saying Gold Overvalued

FMS Investors – Net % Saying Gold Overvalued According to FMS investors, gold is currently considered the most overvalued since August 2020, raising concerns about a potential market bubble. Image: BofA Global Fund Manager Survey

U.S. Stocks – Magnificent Seven Market Value as a Percent of S&P 500 Market Value

U.S. Stocks – Magnificent Seven Market Value as a Percent of S&P 500 Market Value The concentration of the Magnificent Seven U.S. stocks has a significant impact on the performance of the S&P 500. While these stocks have performed well, the over-reliance on them poses potential risks for investors. Image: BofA Global Investment Strategy

MSCI World Value vs. Growth

MSCI World Value vs. Growth In light of the current market dynamics, will the outperformance of growth stocks over value stocks persist? Image: Goldman Sachs Global Investment Research

10-Year U.S. Treasury Yield Macro Fair Value

10-Year U.S. Treasury Yield Macro Fair Value BofA’s macroeconomic framework indicates a fair value for the 10-year U.S. Treasury yield of 4.1%. Image: BofA Global Research

Performance – Growth vs. Value

Performance – Growth vs. Value During times of scarce growth, growth stocks tend to outperform value stocks, while during periods of plentiful growth, value stocks tend to outperform growth stocks. Image: Goldman Sachs Global Investment Research

Growth vs. Value – Relative Price Return

Growth vs. Value – Relative Price Return In 2023, growth stocks have outperformed value stocks by a significant margin. This is often the case when economic growth is relatively weak and inflation declines. Image: Goldman Sachs Global Investment Research

Long Only Positioning in Value vs. Growth

Long Only Positioning in Value vs. Growth Value is still 53% underweight vs. Growth, highlighting a significant preference among investors for growth-oriented investments over value-based ones. Image: BofA US Equity & Quant Strategy

Returns – Value vs. Growth

Returns – Value vs. Growth Value stocks tend to outperform growth stocks when considering a longer time frame. Image: BofA Research Investment Committee