FMS Investor Positioning In May, FMS investors overweighted their exposure to cash, staples, and bonds, while reducing their exposure to REITs, industrials, and Eurozone. Image: BofA Global Fund Manager Survey

S&P 500 Index and Technical Score The current reading of 79.43 indicates that the U.S. stock market is overbought, suggesting that prices have risen too quickly. Image: Real Investment Advice

Dow Jones Returns After 9-Day Win Streaks Historically, the Dow Jones has tended to experience bullish trends over the next 12 months following 9-day win streaks, with a median 7.9% increase in value observed since…

Mega-Cap Growth & Tech Positioning The positioning of mega-cap growth and tech stocks at the 70th percentile suggests that these stocks are still attracting considerable interest from market participants. Image: Deutsche Bank Asset Allocation

Valuation – U.S. Equity Market Capitalization to GDP The U.S. equity market cap to GDP ratio is near an all-time high at approximately 187%, suggesting a significant overvaluation of the U.S. stock market. Image: Goldman…

Earnings Surprise A strong 7% earnings surprise in the first quarter indicates robust performance by S&P 500 companies, which is likely to have a positive impact on investor confidence. Image: BofA Global Research

U.S. Dollar vs. Japanese Yen (USD/JPY) When yields on U.S. Treasury bonds are higher than those on Japanese government bonds, it can lead to a weakening of the Japanese yen relative to the U.S. dollar.…

Stocks – MSCI China Since the January low, the MSCI China Index has experienced a strong rally, leaving many wondering if there is still potential for further growth. Image: J.P. Morgan

Performance – U.S. vs. China Stocks Price Relative Will China stocks continue to outperform U.S. stocks in the coming months? Image: BofA Global Investment Strategy

Earnings Sentiment (Analyst Upgrades Minus Downgrades Across Markets) Earnings sentiment in the S&P 500 continues to improve, which could potentially pave the way for market growth. Image: Goldman Sachs Global Investment Research