Performance – Tech vs. S&P 500 Price Relative Will tech outperformance relative to the S&P 500 persist going forward? Image: BofA Global Investment Strategy

Global Government Debt Global government debt has skyrocketed since the global financial crisis, reaching its highest level in peacetime and posing significant challenges and vulnerabilities for governments and economies worldwide. Image: BofA Global Investment Strategy

S&P 500 Returns – The 4-Year Presidential Cycle The current presidential cycle for the S&P 500 is extended when compared to both the average and first term cycles, highlighting the market’s unique dynamics and complexity.…

Do You Believe the Risk of an Equity Market Correction at Some Point Over the Next 3-6 Months Is High or Low? JPMorgan’s survey reveals that 82% of their clients anticipate a high likelihood of…

FMS Investors – Net % Overweight Equities – Net % Overweight Cash FMS investors still show a greater inclination to invest in the stock market and less interest in holding cash, indicating their ongoing preference…

S&P 500 Presidential Cycle Considering the substantial cyclical correction in 2022, the current presidential cycle suggests that there is potential for the S&P 500 to perform well in 2024. Image: BofA Global Research

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings Keeping a close eye on the correlation between the U.S. dollar and S&P 500 valuation multiples is essential, especially considering the potential end of the greenback’s bull…

Interest Rates – Fed Funds Rate Goldman Sachs now expects the Fed to implement three rate cuts in 2024, down from its earlier projection of four rate cuts, in response to elevated inflation data and…

Market-Implied Long-Term S&P 500 Growth Expectations The implied long-term growth rate for the S&P 500 is currently +11%, which is above the long-term average but still below the levels seen during the tech bubble. Image:…

Inflation – Potential Paths for U.S. Core CPI If the Fed cuts rates in June, U.S. core CPI is expected to exceed the Fed’s 2% inflation target, which could pose challenges for the central bank…

S&P 500 NTM EPS vs. Total Return Level NTM EPS estimates exert a powerful influence on the performance and direction of the U.S. equity market, making them a significant driving force. Image: Morgan Stanley Research