Asset Class Quilt of Total Returns Despite experiencing a significant selloff, the S&P 500 has managed to maintain its position as the top-performing asset since the start of the year, outperforming other investment options in…

Valuation – MSCI U.S. 12-Month Forward P/E Relative to MSCI World Ex. U.S. There is a prevailing sentiment suggesting that U.S. equity valuations are not currently appealing. Image: J.P. Morgan

Recession – U.S. Banks Reporting Increased Willingness to Lend to Consumers With the growing reluctance of banks to provide loans to consumers, there is a concerning implication for the state of the U.S. economy. Image:…

S&P 500 EPS Yield – IG Yield vs. TTM Buyback Yield Higher borrowing costs can discourage companies from engaging in stock buybacks. Image: BofA US Equity & Quant Strategy

U.S. Initial Jobless Claims The U.S.’s sustained period of low initial jobless claims indicates a stable labor market. This is a positive development showing resilience in the economy and providing hope for continued growth. Image:…

ISM Manufacturing PMI vs. ISM New Orders – Inventories The U.S. ISM New Orders less Inventories spread continues to suggest a higher ISM Manufacturing PMI. This correlation points towards a positive outlook for the manufacturing…

U.S. 10-Year Government Bond Annual Returns Never before has the 10-year U.S. Treasury bond experienced three consecutive years of annual declines. Is this time different? Image: BofA Global Investment Strategy

Forward S&P 500 Return Following Break in 200-DMA Staying above the 200-day moving average may provide higher forward returns for the S&P 500 index, indicating positive market momentum and potentially leading to favorable investment outcomes.…

Market – Themes for the 2010s vs 2020s It is crucial to recognize the potential for a fundamental regime change, which could have far-reaching implications for investment strategies and decision-making processes. Image: BofA Global Investment…

Dow Jones Industrial Average Returns Post Last Fed Rate Hike Is it advisable this time for U.S. equity investors to sell their holdings following the last Fed rate hike? Image: BofA Global Investment Strategy

S&P 500 Returns Through the Year After a Strong Start The August-September correction in the S&P 500, following a strong start, aligns with historical standards and can be considered a normal occurrence. Image: BofA Predictive…