Cyclical Stocks – Regional Banks vs. NYFANG Price Relative
Cyclical Stocks – Regional Banks vs. NYFANG Price Relative Should investors be careful about cyclical stocks? Image: BofA Global Investment Strategy
Cyclical Stocks – Regional Banks vs. NYFANG Price Relative Should investors be careful about cyclical stocks? Image: BofA Global Investment Strategy
Annual Equity Flows Equity inflows are very strong year-to-date. Image: BofA Global Investment Strategy
Performance – Cyclicals/Top 1000 Cyclicals are expected to underperform over the next quarter or two. Image: Morgan Stanley Research
Federal Reserve Balance Sheet as Percent of Total U.S. Market Capitalization Don’t fight the Fed? The Fed’s balance sheet could peak at US$9 trillion in 2022. Image: Lohman Econometrics
Inflation – CPI and Commodity Producer Price Index (PPI) Commodity prices have surged, suggesting further inflationary pressures. Image: J.P. Morgan Asset Management
Yields and Breakeven Inflation on 10-Year U.S. Treasuries Breakeven inflation seems to have peaked. Image: Gavekal, Macrobond
Gold to Copper Ratio The gold-to-copper ratio is a reliable barometer of global economic health. Image: Alpine Macro
S&P 500 and Recent Quadruple Witching Dates May quadruple witching spell some relief to U.S. stocks? Image: Fundstrat Global Advisors, LLC
6-Week Cumulative Flows to Tech Stocks Should investors continue to dump tech stocks in favor of cyclicals? Image: BofA Global Investment Strategy
Inflation – U.S. Headline CPI Expectation for the Next Five Years Market expectations for inflation for the next 5 years continue to fall, as investors see transitory inflation. Image: Arbor Research & Trading LLC
Correlation – CCC vs. BBB-rated U.S. Corporate Bonds Investors rush into junk bonds. Is it time to worry? Image: Arbor Research & Trading LLC