Author: isabelnet

U.S. Dollar on a REER Basis Will the U.S. dollar continue to rise? On a real effective exchange rate basis, it appears to be overvalued. Image: Gavekal, Macrobond

China Imports Should investors be worried about the sharp decline in Chinese imports? Image: BofA Global Investment Strategy

Interest Rates – Global Rate Cuts vs. Global Rate Hikes Could global rate hikes have a significant negative impact on markets? Image: BofA Global Investment Strategy

Do You Think Inflation Is Transitory or Permanent? 49% of FMS investors see inflation as permanent rather than transitory. Image: BofA Global Fund Manager Survey

Commodities – Wheat Prices The COVID-19 pandemic and the Russia-Ukraine conflict push food prices to record high. Image: BofA Global Investment Strategy

U.S. Fund Flows Flows into U.S. stock funds remain strong, while U.S. fixed income fund flows are still negative. Image: Topdown Charts

Monthly Equity Flows – U.S. vs. Non-U.S. U.S. equities have seen the highest monthly inflows on record relative to the rest of the world. Image: Goldman Sachs Global Investment Research

Equity Risk Premium (ERP) – S&P 500 Earnings Yield Minus 10-Year Treasury Yield The S&P 500 looks attractive relative to bonds. Image: Truist

Probability of a Recession Starting in the Next 12 Months and Probability of Being in a Recession Market-based indicators have priced a higher probability of a U.S. recession in the next 12 months. Image: Goldman Sachs Global Investment Research

U.S. Inflation vs. Fed Funds and S&P 500 Historically, the combination of high inflation with Fed tightening monetary policy does not bode well for the S&P 500. Image: Real Investment Advice

U.S. ISM Manufacturing Index vs. ISM New Orders Less ISM Inventories Inventory rebuild suggests a sharp fall in the U.S. ISM Manufacturing Index. Image: Morgan Stanley Wealth Management