Return – Austria 100-Year Bond Despite significant prior returns, the 100-year Austrian government bond’s long-term nature increased its susceptibility to interest rate fluctuations, resulting in the crash. Image: BofA Global Investment Strategy

GDP Consensus Forecasts Optimistic U.S. GDP forecasts suggest that there is confidence in the underlying strength of the U.S. economy. Image: BofA Global Research

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…