Category: Blog

Correlation – CCC vs. BBB-rated U.S. Corporate Bonds Investors rush into junk bonds. Is it time to worry? Image: Arbor Research & Trading LLC

Valuation – U.S. 10-Year Real Yields and S&P 500 12-Month Forward P/E U.S. 10-year real yields help explain the stock market valuation. UBS targets 4400 for the S&P 500 for 2021. Image: UBS

Equity – FMS Global Equities Allocation Peak optimism? FMS global equities allocation remains at a high level. Image: BofA Global Fund Manager Survey

Treasury Market – U.S. 10-Year Nominal Treasury Yields and 10-Year Breakevens Have growth and inflation peaked? Image: Morgan Stanley Research

Model Estimates for WTI Crude Oil Should investors expect higher oil prices, as vaccines should end the pandemic? Image: Arbor Research & Trading LLC

Is Bitcoin a Bubble? 81% of FMS investors think so. Image: BofA Global Fund Manager Survey

Commodities – The Case for a Commodity Price Correction With a more hawkish Fed, should investors expect a commodity price correction? Image: Alpine Macro

Nasdaq Composite and the Percentage of Nasdaq Stocks Above 50-Day Moving Averages Should investors expect a move to new highs for the Nasdaq? Image: BofA Global Research

Global Earnings Revision Ratio The global earnings revision ratio is still improving. Image: BofA Global Quantitative Strategy

Fed – Policymaker’s Projections for the Midpoint of U.S. Interest Rates The Fed forecasts first rate hikes in 2023. Image: Financial Times

Fed – Expectation for the Tapering Timeline Is it time to talk about tapering quantitative easing and rate hikes? Image: Goldman Sachs Global Investment Research