U.S. Equities – Cyclicals/Defensives, Low/High Quality, Small/Large Is the shift in market leadership a warning sign about the reopening of the economy? Image: Morgan Stanley Research
S&P 500 Index Relative to Historic Valuation Ranges Should investors worry about the current S&P 500’s valuation? Image: Real Investment Advice
Inflows – Bonds vs. Equities in Past 12 Years Since 2008, inflows into global bonds of $2.4tn still exceed inflows into global equities of $1.0tn. Image: BofA Global Investment Strategy
U.S. Dollar Share of Allocated Reserves The share of the U.S. dollar in global reserves has decreased and now stands at 59%. Image: Goldman Sachs Global Investment Research
Euro to U.S. Dollar (EUR/USD) and 10-Year Spread (Leading Indicator) The 10-year spread (Euro vs. U.S. dollar swap rates) tends to lead EUR/USD by 22 days. Image: Nordea and Macrobond
Inflows to Global Equity Funds Inflows to global equity funds in the past 5 months of $569 billion exceed inflows in the prior 12 years of $452 billion. Image: BofA Global Investment Strategy
Performance – Nasdaq 100 vs. S&P 500 Is it the start of a long reversal? Image: BofA Global Investment Strategy
Global Equity Risk Premium The global equity risk premium does not show a high excess equity return over global government bonds. Image: BofA Global Investment Strategy
U.S. Equity Funds Split Between Active and Passive Strategies Can active funds beat passive funds in a recovering U.S. economy? Image: Financial Times
1-Year Correlation – S&P 500 vs. U.S. Dollar Index How long will the negative correlation between the S&P 500 and the U.S. dollar persist? Image: Morgan Stanley Research
S&P 500 Returns After Strong First Quarter Historically, returns between 5-10% in the first quarter tend to be bullish for the S&P 500 through the rest of the year. Image: LPL Research