Return – S&P 500 Index Price/Earnings Ratio and Performance of S&P 500 Index over the Next 10 Years Should investors expect zero return over the next 10 years? Image: Pictet Asset Management
What Price Do You Think Bitcoin Will Be In 12 Months’ Time? Will Bitcoin remain between $50K to $75 in the next 12 months? Image: BofA Global Fund Manager Survey
Baseline Forecast for U.S. Core PCE Inflation U.S. core PCE inflation is expected to remain above 3% through June 2022. Image: Morgan Stanley Research
Net % of FMS Investors Overweight Industrial Stocks FMS investor allocations to industrial stocks fell to 12%. Image: BofA Global Fund Manager Survey
Valuation – Information Technology Price-to-Book and Relative Price-to-Book vs. S&P 500 Measured by the price-to-book ratio, Info Tech stocks look expensive. Image: BofA US Equity & Quant Strategy
U.S. Equity – Calls in Single Stocks (Volume) and Call/Put Ratio Single stock call options volume has surged recently. Will this end well? Image: Goldman Sachs Global Investment Research
Number of S&P 500 Companies Citing Inflation on Earnings Calls S&P 500 company mentions of “inflation” reach record levels. Image: Deutsche Bank
Rates – U.S. 10-Year Nominal and Real Yields Goldman Sachs expects U.S. rates will continue to rise. Image: Goldman Sachs Global Investment Research
Supply Disruption Index vs. U.S. Core CPI Inflation (Leading Indicator) Is U.S. core CPI inflation finally peaking? The supply disruption index tends to lead U.S. core CPI inflation by one month. Image: Alpine Macro
Earnings – STOXX Europe 600 EPS Level Thanks to an accomodative monetary and fiscal policy, the STOXX Europe 600 EPS is growing much faster than during the last cycle (2007-2019). Image: Goldman Sachs Global Investment Research
S&P 500 Equity Risk Premium – Equities vs. Bonds The S&P 500 equity risk premium is expected to decline through 2022. Image: Goldman Sachs Global Investment Research