Category: Blog

Most Short Basket Rolling 3-Month Return A basket of most-shorted U.S. stocks has fallen significantly over the last three months. Image: Goldman Sachs Global Investment Research

S&P 500 and 12-Month Rate of Change in Margin Debt The rise in margin debt in June and July can be seen as a bullish signal for U.S. equities, indicating increased optimism and risk appetite among investors. Image: BofA Global Research Click the Image to Enlarge

U.S. Equity Issuance Despite the improvement in macroeconomic conditions, the issuance of U.S. equity and equity-linked securities has been relatively weak this year. Image: Goldman Sachs Global Investment Research

U.S. Dollar and Policy Rate: Fed Minus G10 Excluding U.S. Should investors turn bearish on the U.S. dollar? Image: Alpine Macro

S&P 500 vs. Top 10 Investors can benefit from the currently wide valuation dispersion by focusing on low beta stocks that have stable cash flows and strong balance sheets. Image: J.P. Morgan Asset Management

Performance – Global Equities Equal Weighted (MSCI ACWI Equal-Weighted Index) Since February 2020, the MSCI ACWI Equal-Weighted Index has done virtually nothing. Image: BofA Global Investment Strategy

Sentiment – Equity Put/Call Ratio The CBOE U.S. equity put/call ratio is often seen as a contrarian indicator. Image: BofA Global Investment Strategy

S&P 500 Fwd Earnings Yield – U.S. 10-Year Treasury Yield Can U.S. Treasury bonds be considered more attractive than U.S. stocks at present? Image: The Daily Shot

U.S. Stock Market Valuation – Cape Ratio The S&P 500’s CAPE ratio remains historically high, which could potentially lead to lower subsequent returns over the following 10 years. Image: Real Investment Advice

S&P 500 Performance After First Close Beneath 50-Day Moving Average in Four Months or More After closing below the 50-day moving average for the first time in four months or more, the S&P 500 has gained 14.1% on average 12 months later since 1990. Image: Carson Investment Research

FMS Investors – Net % Expecting Higher Global CPI vs. Net % Expecting Higher Short-Term Rates There are still big expectations for inflation to fall. Image: BofA Global Fund Manager Survey