Real S&P 500 vs. Valuations (CAPE)

Real S&P 500 vs. Valuations (CAPE) Although a high CAPE ratio can remain elevated for long periods without prompting a market correction, historical data suggests that these periods of heightened valuations often lead to lower stock market returns. Image: Real Investment Advice

S&P 500 Index Returns

S&P 500 Sectors Returns The S&P 500 has shown strength and positive momentum over the past 5 months. Historical data suggests that momentum tends to favor further strength in the stock market. Image: Yahoo Finance

S&P 500 Monthly Returns and Percentage of Time Up – Presidential Cycle Year 4

S&P 500 Monthly Returns and Percentage of Time Up – Presidential Cycle Year 4 Seasonality is a valuable tool for evaluating probabilities within the stock market, rather than a crystal ball. Considering the fourth year of the presidential cycle, can investors expect April to be a favorable month for U.S. stocks? Image: BofA Global Research

Weekly High Grade Fund Flows

Weekly High Grade Fund Flows Evidence of investor confidence in the potential returns of high-grade funds and ETFs can be seen in the substantial flows into these funds, which reached $2.96 billion. Image: BofA Global Research

Commodities – Commodity Prices

Commodities – Commodity Prices In a non-recessionary environment, lower U.S. interest rates can lead to an increase in commodity prices, particularly metals, gold, and brent crude oil. Image: Goldman Sachs Global Investment Research

GS U.S. Financial Conditions Index

GS U.S. Financial Conditions Index The easing of financial conditions starting in October 2023 has produced a similar outcome to around 100 bps of rate cuts, which could potentially affect the Fed’s interest rate decision-making process. Image: Goldman Sachs Global Investment Research

Luxury Goods Coverage Constant Currency Revenue Growth

Luxury Goods Coverage Constant Currency Revenue Growth The luxury goods sector is expected to grow by 4% in 2024, suggesting a slight decline in the luxury goods market compared to the previous year. Image: BofA Global Research

Risk Appetite Indicator Level and Momentum Factors

Risk Appetite Indicator Level and Momentum Factors The risk appetite indicator continues to signal a risk-on environment, favoring higher-risk investments and suggesting a positive market outlook. Image: Goldman Sachs Global Investment Research

Performance – Large Cap vs. Small Cap

Performance – Large Cap vs. Small Cap Given attractive valuations, is it still possible for U.S. small caps to outperform U.S. large caps in 2024? Image: Goldman Sachs Global Investment Research