Flows by Year into Active vs. Passive Funds Passive funds are growing in popularity as investors prioritize lower fees, potential tax advantages, and doubt active fund managers’ ability to consistently outperform the market. As a…
Hedge Funds’ Cyclical vs. Defensive Positioning During economic expansion, investors favor cyclicals over defensives. The current low hedge fund exposure to cyclical vs. defensive sectors may present a potential opportunity for contrarian investors. Image: BofA…
S&P 500 – Factor Signal for Market Peaks Based on Quality, Momentum, and Valuation The combination of quality and momentum factors outperforming vs. history, along with elevated valuations, could signal that the market is approaching…
S&P 500 and CFTC CME E-mini S&P 500 Asset Manager Institutional Net Total/Futures The net long position held by institutional asset managers on E-mini S&P 500 futures has been rising, with the potential to reach…
Nasdaq Composite Weekly Chart with 40-Week and 200-Week MAs The Nasdaq may potentially reach 18,700 and 22,400, given the possibility of a catch-up trade within a secular bull market presidential cycle. Image: BofA Global Research
U.S. 10-Year Treasury Yield – Weekly Chart The outlook for the U.S. 10-year Treasury yield suggests a declining trend in the fourth quarter of 2024 and into the first quarter of 2025. Image: BofA Technical…
S&P 500 Short Interest The low average short interest level of the S&P 500 indicates that market participants are generally optimistic or not strongly bearish about the future performance of the S&P 500. Image: J.P.…
U.S. Share Buybacks and Dividends Over the past 20 years, U.S. corporates have clearly favored buybacks over dividends, reflecting a shift towards prioritizing shareholder value through capital appreciation rather than regular income distributions. Image: BofA…
S&P 500 Index Returns – Zweig Breadth Thrust Signals Since WWII The Zweig Breadth Thrust, a rare occurrence, has historically indicated strong S&P 500 performance over the next 6 and 12 months, with a median…
U.S. Growth Fund Flows Record inflows into U.S. growth funds reflect the increasing investor confidence in the potential for strong returns from companies positioned for expansion and innovation in the American market. Image: BofA Global…
Probability of U.S. Recession within a Year Based on the tight spread between the S&P 500 and BBB-rated corporate bonds, the risk of a recession in the United States within one year appears low. Image:…