Category: Blog

Housing – House Price Appreciation Is there currently a global housing bubble? Image: BofA Global Research

U.S. 10Y-2Y Yield Curve and U.S. ISM Manufacturing The yield curve tends to flatten with peaks in the ISM. Image: Goldman Sachs Global Investment Research

Cross-Asset Momentum Indicator (Risk-On Cross Asset Breadth) The cross-asset momentum indicator has turned negative. Image: Deutsche Bank Asset Allocation

Valuation – S&P 500 NTM P/E Ratio (Aggregate Index and Median Stock) Absolute equity valuation remains stretched vs. history. Image: Goldman Sachs Global Investment Research

Individual Investors Activity in Options – S&P 500 Options and Top 50 Options Options trading activity among individual investors remains elevated. Does it suggest a future market meltdown? Image: Goldman Sachs Global Investment Research

When Do You Think the Fed Will Hike Rates? Will the Fed raise rates in January 2023? Image: BofA Global Fund Manager Survey

S&P 500 2020-2021 Total Returns and Historical H2 Returns After similar first half gains, the S&P 500 could jump another 8% by the end of the year. Image: BofA Research Investment Committee

Gold vs. Gold Implied by U.S. 10-Year Real Rate Generally, when U.S. 10-year real rates go down, gold tends to go up. Image: Goldman Sachs Global Investment Research

Markets Performance – Reflation Trade Has the reflation trade run its course already? Image: Goldman Sachs Global Investment Research

Global ETF Flows ETF equity inflows are very strong year-to-date. Image: Financial Times

Global Economy – FMS Economic Expectations Has the global economy growth peaked? Image: BofA Global Fund Manager Survey