Category: Blog

U.S. Inflation Expectations from Professional Forecasters Will the Federal Reserve let inflation run hot for a while? Image: Gavekal, Macrobond

S&P 500 – What Asset Class Will Outperform in 2021? 29% of FMS investors think the S&P500 will outperform this year. Image: BofA Global Fund Manager Survey

Tech Stocks – FMS Tech Allocation Are FMS investors too cautious on tech stocks? Image: BofA Global Fund Manager Survey

Market Capitalization – 5 and 25 Largest S&P 500 Companies The U.S. stock market concentration is falling off all time highs, but the S&P 500 remains highly concentrated in a few stocks. Image: Morgan Stanley Wealth Management

Global Equity Market – MSCI All-Country World vs. 30-Year T-Bond After a strong rally, should investors expect a consolidation in the global equity market in the coming months? Image: BCA Research

Tech Stocks – Nasdaq vs. S&P 500 and U.S. 10-Year Real Rates The rotation out of tech stocks has continued despite lower real rates. Image: Goldman Sachs Global Investment Research

Core Inflation Forecasts vs. History The forecast suggests that U.S. core inflation will be consistently above the recent history. Image: BofA Global Research

Valuation – Margin-Adjusted Price/Earnings Ratio on U.S. Stocks and U.S. Stocks Price/Revenue Ratio Will central bank liquidity continue to push valuations higher indefinitely? Image: Financial Times

U.S. Real Yield U.S. real rates have dropped and are punishing those who save by causing them to save more. Image: Morgan Stanley Wealth Management

Growth and Inflation Expectations Should investors really expect higher growth and higher inflation? Image: BofA Global Fund Manager Survey

Valuation – S&P 500 NTM P/E vs. Gap Between S&P 500 Earnings Yield and U.S. 10-Year Treasury Yield Goldman Sachs expects a roughly flat S&P 500 P/E multiple through 2022. Image: Goldman Sachs Global Investment Research