What Will Be the Most Important Driver of Equity Prices? According to FMS investors, the Fed’s decisions will be the main catalyst for the direction and performance of equities in 2024. Image: BofA Global Fund…
China GDP Growth Excluding the exceptional year of 2020 due to the impact of the Covid pandemic, China’s nominal GDP growth has reached its lowest point since 1976, signaling a shift in China’s economic landscape.…
G3 Real Core Retail Sales Since 2019, real core retail sales in the United States have risen significantly, while Germany has seen stagnant growth and Japan has witnessed a decline, reflecting differing economic conditions and…
Median Relative Return vs. S&P 500 During 12 Months Following Start of Fed Cutting Cycle During periods when the Fed cuts interest rates, the healthcare and staples sectors have shown relatively stronger performance compared to…
S&P 500 and the Percentage of S&P 500 Stocks Above 50-Day Moving Averages The percentage of S&P 500 stocks trading above their 50-day moving averages is a warning sign, which could potentially have negative implications…
FMS Investors – Net % Expecting Stronger Economy vs. MSCI ACWI The increased optimism among FMS investors on global growth can be seen as a positive sign, potentially indicating a more favorable outlook. Image: BofA…
S&P 500 Gross Buybacks to Earnings Ratio It is possible that share buybacks will increase substantially in 2024, if the ratio of S&P 500 gross buybacks to earnings rises to the historical average. Image: Deutsche…
Change in S&P 500 Quarterly EPS Consensus Excluding the one-offs, consensus estimates for the fourth quarter of 2023 have experienced just a slightly more pronounced reduction compared to previous periods, which can be seen as…
U.S. Recession and Fed Hiking Cycle Based on the lags between rate hikes and previous cycles, the likelihood of a recession in the United States remains a topic of discussion. Image: Deutsche Bank
U.S. Dollar Strength vs. Frequency of Reported Revenue Beats A weaker U.S. dollar is correlated with more revenue beats, reflecting the potential benefits of currency depreciation on corporate financial outcomes. Image: Goldman Sachs Global Investment…
10-Year U.S. Treasury Yield Since the Global Financial Crisis, there have been only two other occasions where the 10-year U.S. Treasury yield has experienced such a rapid decline, underscoring the exceptional nature of the current…