FMS Investors – Net % Expecting Lower Long-Term Rates Only 38% of FMS investors expect bond yields to decrease, while the majority anticipate stable or potentially higher bond yields. Image: BofA Global Fund Manager Survey
Stocks – S&P 500 Growth ETF Despite their previous momentum, U.S. growth stocks are currently facing challenges in reaching new highs. Image: BofA Global Investment Strategy
Gold Price vs. S&P 500 Index and Recessions Throughout history, gold has been considered a safe haven during market declines. Since 2015, its correlation with U.S. stocks has strengthened, making it more likely for gold…
FMS Investors – Net % Saying Recession Likely The outlook among FMS investors regarding the possibility of a global recession in the near future is characterized by a much greater sense of optimism. Image: BofA…
S&P 500 After Positive YoY 12 Months in a Row When the S&P 500 is positive YoY 12 months in a row, the next 12 months tend to be bullish, with a median return of…
Commodities – FMS Global Commodity FMS investors have become more optimistic on commodities in April, contributing to a record monthly increase in commodities allocation. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Saying Gold Overvalued According to FMS investors, gold is currently considered the most overvalued since August 2020, raising concerns about a potential market bubble. Image: BofA Global Fund Manager Survey
Interest Rates – U.S. Federal Funds Rate Expectations BofA expects a 3.5-3.75% terminal rate in this cutting cycle, up 50bp from their previous forecast. This suggests a need to tighten monetary policy to control inflation…
U.S. Long-Term Government Bond Returns The 10-year annualized return from U.S. Treasuries is at a 65-year low of just 0.6%, prompting investors to reassess portfolio allocation and risk management strategies. Image: BofA Global Investment Strategy
Small Cap Stocks vs. Large Cap Stocks Relative Performance Is it time for U.S. equity investors to increase their allocation to small-cap stocks compared to large-cap stocks in their portfolio? Image: BofA US Equity &…
U.S. Consumer Prices Index vs. U.S. Composite PMI Input Prices (Leading Indicator) U.S. Composite PMI Input Prices tend to lead U.S. CPI by 6 months, reflecting the impact of changes in input prices on consumer…