S&P 500 Forward EPS vs. Fed Funds Rate

S&P 500 Forward EPS vs. Fed Funds Rate When forward EPS growth goes negative, the Federal Reserve typically does not hike rates. Image: Morgan Stanley Research

Annual 60/40 Portfolio Performance

Annual 60/40 Portfolio Performance Will the 60/40 portfolio continue to perform well in 2023? Image: BofA Global Investment Strategy

Loan Demand

Loan Demand Demand for commercial & industrial (C&I) and commercial real estate (CRE) loans remains weak, which does not bode well for a soft landing. Image: BofA Global Research

Changes in U.S. Liquidity

Changes in U.S. Liquidity U.S. liquidity is declining, which is a headwind for U.S. stocks. Image: BofA Global Investment Strategy