Category: Blog

Inflation – U.S. Core CPI Are there really reasons to worry about U.S. inflation? Image: BCA Research

Bull Markets – S&P 500 Performance in Year 1 and Year 2 Off Low and Second Year Max Drawdown Since 1950, the S&P 500 gain during the second year of bull markets has been about 13% on average. Image: LPL Research

Buybacks Announced Stock buyback announcements continue to increase and that’s good news for stocks. Image: BCA Research

Bear Market – What Do You Think Will Be the Max Peak to Trough Correction for the S&P 500 in the Next 6 Months? FMS investors do not expect a bear market in the next 6 months. Image: BofA Global Fund Manager Survey

FMS Investor – Small Cap Stocks Will Beat Large Cap Stocks Is the reflation trade already over? Image: BofA Global Fund Manager Survey

Labor Market – U.S. Total Job Openings Less U.S. Unemployed Persons There are now more job openings in the United States. than unemployed persons. Image: Morgan Stanley Wealth Management

Composite Valuation Indicator and Subsequent 10-Year Real Annualized Returns Should equity investors expect negative real returns over the next 10 years? Image: BCA Research

Fed Ownership of Treasury Market The Fed’s ownership of nearly 25% of Treasury securities helps explain the disconnect between rates and the real economy. Image: Morgan Stanley Wealth Management

S&P 500 Equity Risk Premium and Real 10-Year Rates Will the S&P 500 equity risk premium rise further? Image: Morgan Stanley Research

Share of Industries in S&P 500 by Stage in the Cycle Currently, companies that constitute 66% of the S&P 500’s market capitalization are growing faster than before the coronavirus pandemic. Image: Deutsche Bank Asset Allocation

Peak ISM Manufacturing – S&P 500 vs. ISM Manufacturing Will the S&P 500 continue to rise after the peak in the ISM manufacturing? Image: Truist