Category: Blog

FMS Investors – Net % Overweight Real Estate FMS investors continue to have a pessimistic outlook on the real estate market. Image: BofA Global Fund Manager Survey

Valuation – S&P 500 PE vs. Liquidity Deteriorating liquidity may be a significant headwind for the S&P 500. Image: Longview Economics

S&P 500 Fair Value According to BofA, the fair value of the S&P 500 is 3,911 by year-end 2023 (bear case, based on the most bearish model). Image: BofA Global Research

Rolling Fed Hikes/Cuts Over the Last 12 Months and Recessions When the Fed increases interest rates too quickly or aggressively, it can lead to a recession. Image: Deutsche Bank

Mega-Cap Growth Stocks vs. S&P 500 Will artificial intelligence propel mega-cap growth stocks to all-time highs? Image: Deutsche Bank

Global Luxury Stocks vs. China Stocks Do luxury stocks still have room to rise? Image: BofA Global Investment Strategy

Annual Returns for 25/25/25/25 Portfolio The 25/25/25/25 portfolio is performing well year-to-date. Image: BofA Global Investment Strategy

Recession – U.S. Continuing Jobless Claims U.S. continuing jobless claims can serve as a warning sign of an upcoming recession. Image: Bloomberg

S&P 500 YTD >8% on Day 100 and What Happened the Rest of the Year Historically, when the S&P 500 is up more than 8% on day 100, the rest of the year tends to be bullish. Image: Carson Investment Research

Returns for 60/40 Portfolio So far, the traditional 60% stocks and 40% bonds portfolio is performing well year-to-date. Image: BofA Global Investment Strategy

U.S. Debt Ceiling Historically, Gold tends to be the best hedge against U.S. debt ceiling concerns. Image: BofA Global Research