GWIM Debt Holdings as % of AUM

GWIM Debt Holdings as % of AUM Bank of America’s private clients maintain a low debt allocation of 20%, which remains significantly below the average level. Image: BofA Global Investment Strategy

S&P 500 Returns When New Highs Are Made In October

S&P 500 Returns When New Highs Are Made In October Bulls smile when new highs are made in October, as the fourth quarter has historically seen gains 90% of the time, averaging a 5% return…

S&P 500 Returns During Earnings Seasons

S&P 500 Returns During Earnings Seasons Earnings season usually sees the S&P 500 rallying, with a median return of 2.0% in the first 4 weeks of reporting, driven by positive surprises in corporate earnings that…

S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS

S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS Recent downward revisions in S&P 500 EPS estimates for 2024-25 reflect a cautious approach from analysts, primarily driven by economic uncertainties. Image: BofA US Equity &…

GWIM Cash Allocation as % Asset Under Management

GWIM Cash Allocation as % Asset Under Management BofA’s private clients have reduced their cash allocation, remaining below the long-term average, while increasing their equity exposure. Image: BofA Global Investment Strategy

S&P 500 and U.S. 2s-10s Yield Curve

S&P 500 and U.S. 2s-10s Yield Curve Since the late 1950s, 10 of the last 12 yield curve steepening cycles have coincided with U.S. recessions, highlighting the yield curve’s effectiveness as a predictor of economic…

Real Estate Positioning

Real Estate Positioning Real estate positioning at the 89th percentile indicates strong interest from market participants. Image: Deutsche Bank Asset Allocation

Market – Net Buys by Sector

Market – Net Buys by Sector Last week, ETFs recorded the largest inflows, while the tech sector saw the largest outflows from BofA’s private clients. Image: BofA Securities