Buybacks – S&P 500 Cash as % of Total Asset As S&P 500 companies’ cash reserves decline, Bank of America expects buybacks to peak soon. Image: BofA US Equity & Quant Strategy

Global Stocks The value of global equities reached an all-time high of $125 trillion at the end of July 2024, driven by robust corporate earnings and investor confidence. Image: BofA Global Investment Strategy

Active Global Equity Fund Flows and % MSCI ACWI Members Trading Above 200-DMA Flows to active global equity funds correlate strongly with stock price dispersion. Higher dispersion creates more opportunities for active managers, especially in…

Cumulative Passive and Active Equity Flows While active equity funds have faced significant challenges, passive equity flows have shown resilience, remaining positive despite market fluctuations. Image: BofA Global Research

S&P 500 Normalized P/E vs. Subsequent Annualized Returns Current high valuations in the U.S. stock market, particularly within the technology sector, suggest that investors may face lackluster returns over the next decade. Image: BofA US…

List of Signals to Watch for a Market Peak As of now, 50% of the 10 indicators for market peaks have been triggered, compared to an average of 70% during previous market peaks. This implies…

EPS Growth – Political Party and S&P 500 Profits Cycle While election results can impact markets in the short term, the underlying profitability of companies is a stronger driver of stock prices over time. Image:…

U.S. Tech Stocks During the first half of 2024, large U.S. tech companies have significantly outperformed their smaller counterparts, reflecting the ongoing dominance of major players in the tech industry. Image: BofA US Equity &…

Survey – Percentage of Investors Expecting Landing Scenarios In BofA’s August credit investor survey, 74% of investors anticipate a soft landing, reflecting a significant increase in optimism despite recent market volatility. Image: BofA Global Research

Emerging Markets vs. Developed Markets Emerging economies, despite their vast populations and potential for growth, have not yet achieved a corresponding level of representation in global equity markets. Image: BofA Global Investment Strategy

U.S. Federal Funds Effective Rate Less CPI To combat inflation, the Fed has raised interest rates aggressively to their highest level in years, resulting in the real federal funds rate reaching a post-GFC high. Image:…