S&P 500 Realized Volatility During Recession During recessions, there is often increased uncertainty and risk aversion among investors, which can lead to higher levels of volatility in the U.S. stock market. Image: BofA Global Research

10-Year U.S. Treasury Yield U.S. yields are likely to be lower in 2024, which could potentially support a cyclical bull bond market. Image: BofA Global Investment Strategy

U.S. Nominal GDP Less Government Budget Deficit While fiscal spending in the United States has the potential to boost GDP growth, it is important to carefully consider the long-term implications and trade-offs associated with such…

The Best 20 Months for the S&P 500 and What Happened Next The impressive performance of the S&P 500 in November could have bulls smiling for the next 12 months. Image: Carson Investment Research

S&P 500 Performance After a New All-Time High After More a Full Year Without One Historically, when the S&P 500 index has reached new highs following a period of more than a year without achieving…

S&P 500 Performance After a Monthly Gain of >8% Historically, when the S&P 500 gains more than 8% in a month, it tends to perform well in the following 12 months. On average, it has…

Cumulative Fund Flows When “risk-free” rates are high, investors prefer low-risk assets as the higher returns from “risk-free” investments make them more appealing, reducing the attractiveness of riskier assets. Image: BofA Global Research

S&P 500 Max Drawdown During Recessions Recessions can have a significant impact on stocks, causing pain for investors, with the majority of losses occurring within the actual recession period. Image: BofA Global Research

Flow – % Share of Rolling One-Month ETF Inflows Investors continue to put their money into large and mid-cap equity funds, as evidenced by their behavior reflected in ETF flows over the past month. Image:…

Time Series of the S&P 500, Highlighting Periods of Stress and Response from Central Banks Post the 2013 Taper Tantrum, the interventions by central banks during market dips provided buying opportunities for investors to generate…

S&P 500 Price Forecasts vs. Market Pricing Goldman Sachs, in its base case scenario, forecasts that the S&P 500 will reach a level of 4,700 by the end of 2024. Image: Goldman Sachs Global Investment…