EM/DM Relative Performance vs. U.S. Dollar The strength of the U.S. dollar can affect the relative performance of EM/DM equities. A weak U.S. dollar has historically led to outperformance of emerging market equities. Image: BofA Global Investment Strategy
S&P 500 and Monthly MACD The overall trend of the S&P 500 is upward, as indicated by the rising 12-month moving average, and the positive signal from the MACD further supports this notion. Image: BofA Global Research
S&P 500 Realized Volatility During Recession During recessions, there is often increased uncertainty and risk aversion among investors, which can lead to higher levels of volatility in the U.S. stock market. Image: BofA Global Research
Real Adjusted Price of Gold While the nominal price of gold has increased since the 1980 peak, when adjusted for inflation, the real price of gold is actually lower today compared to its high in 1980. Image: Deutsche Bank
10-Year U.S. Treasury Yield U.S. yields are likely to be lower in 2024, which could potentially support a cyclical bull bond market. Image: BofA Global Investment Strategy
U.S. Nominal GDP Less Government Budget Deficit While fiscal spending in the United States has the potential to boost GDP growth, it is important to carefully consider the long-term implications and trade-offs associated with such policies. Image: Morgan Stanley Wealth Management
The Best 20 Months for the S&P 500 and What Happened Next The impressive performance of the S&P 500 in November could have bulls smiling for the next 12 months. Image: Carson Investment Research
S&P 500 Performance After a New All-Time High After More a Full Year Without One Historically, when the S&P 500 index has reached new highs following a period of more than a year without achieving such levels, it has seen a significant increase in value of approximately 15% a year later. Image: Carson Investment Research
S&P 500 Performance After a Monthly Gain of >8% Historically, when the S&P 500 gains more than 8% in a month, it tends to perform well in the following 12 months. On average, it has seen a 15.8% increase in value a year later. Image: Carson Investment Research
Cumulative Fund Flows When “risk-free” rates are high, investors prefer low-risk assets as the higher returns from “risk-free” investments make them more appealing, reducing the attractiveness of riskier assets. Image: BofA Global Research
S&P 500 Max Drawdown During Recessions Recessions can have a significant impact on stocks, causing pain for investors, with the majority of losses occurring within the actual recession period. Image: BofA Global Research