Category: Blog

Long-Term Treasury Yield – The Great Bond Bull and Bear Markets Is a great bear bond market underway? Image: BofA Global Research

S&P 500 Equity Risk Premium vs. U.S. Agg OAS Spread to Treasuries The S&P 500 equity risk premium remains too low relative to IG credit spreads. Image: Morgan Stanley Research

MSCI EM Market Weights Despite the recent sell-off, China remains the largest market in MSCI EM. Image: Goldman Sachs Global Investment Research

Rates – 6-Month Change in U.S. 2-Year Yield This is the largest 6-month change in U.S. 2-year rates since mid-1994. Image: BofA Global Research

Investing Strategy – Long/Short Basket of Most Overweight and Underweight Stock Performance Buying the 10 most underweight stocks and selling the 10 most overweight stocks has been a good strategy in most years. Will this continue? Image: BofA Global Investment Strategy

Chinese Equities Sentiment Chinese equities sentiment is very negative, which is contrarian bullish. Image: Goldman Sachs Global Investment Research

Median S&P 500 Price vs. Event Day Short-term investor overreactions tend to create opportunities in U.S. stocks. Image: Richardson Wealth

U.S. Recessions and 10Y-3M Yield Curve Inverted The odds of a U.S. recession are rising, but remain well below warning levels. Image: Gavekal, Macrobond

Global Negative Yielding Debt Market Value The amount of global debt with negative yields has fallen sharply. Image: The Daily Shot

U.S. Equities – Sentiment vs. Positioning Positioning remains on the bullish side. Is negative sentiment a contrarian bullish sign? Image: Topdown Charts

Inflation – U.S. CPI YoY and Cass Freight Shipments Index YoY (Leading Indicator) The Cass Freight Shipments Index suggests lower U.S. inflation in the second half of 2022. Image: Fundstrat Global Advisors, LLC