What Bubble? – Mutual Funds and ETF Cumulative Flows into Equities and Bonds Since 2009 Are U.S. equities a long way away from being in bubble territory, as inflows since 2009 have gone into bonds,…
U.S. Share Buyback Announcements U.S. share buyback announcements are on the rise, which is good news for stocks. Image: Goldman Sachs Global Investment Research
U.S. 10-Year Treasury Yield Should investors expect more upside for U.S. 10-year Treasury yields? Image: Alpine Macro
Bubble – U.S. Existing House Price Divided by Median Family Income Are Americans trapped in another housing bubble? Image: Evercore ISI
Returns – G7 + China Free Liquidity and MSCI ACWI (Leading Indicator) Global free liquidity continues to rise. When global free liquidity is above 10%, equity markets tend to perform well: the average next 12-month…
Fund Flows – Bond, Equity and Money Market Funds Since the start of the coronavirus pandemic, more money has gone into bonds than stocks. Image: Fidelity Investments
U.S. Dollar – Spot (Rally) Seasonality by Day of the Week The U.S. dollar tends to rally on Mondays since 2000. Image: BofA Global Research
New Retail Investors and Stock Market Selloffs New retail investors are willing to invest more money if there is a stock market selloff of up to -3%. Image: Deutsche Bank Asset Allocation
U.S. 60/40 Portfolio Real Returns and U.S. CPI Inflation Above 3% and Rising 60/40 portfolios tend to suffer when inflation is above 3% and rising. Image: Goldman Sachs Global Investment Research
Outperformance of Procyclical Styles – Current Rotation vs. History Investors are pricing a cyclical recovery. Image: Morgan Stanley Research
U.S. Treasury Volatility Since 2014, U.S. Treasury volatility tends to peak at similar levels. Image: Arbor Research & Trading LLC