Category: Blog

Bubble – U.S. Existing House Price Divided by Median Family Income Are Americans trapped in another housing bubble? Image: Evercore ISI

Returns – G7 + China Free Liquidity and MSCI ACWI (Leading Indicator) Global free liquidity continues to rise. When global free liquidity is above 10%, equity markets tend to perform well: the average next 12-month return is 23.4% with a hit ratio of 100% since 2009. Image: BofA Global Research

Fund Flows – Bond, Equity and Money Market Funds Since the start of the coronavirus pandemic, more money has gone into bonds than stocks. Image: Fidelity Investments

U.S. Dollar – Spot (Rally) Seasonality by Day of the Week The U.S. dollar tends to rally on Mondays since 2000. Image: BofA Global Research

New Retail Investors and Stock Market Selloffs New retail investors are willing to invest more money if there is a stock market selloff of up to -3%. Image: Deutsche Bank Asset Allocation

U.S. 60/40 Portfolio Real Returns and U.S. CPI Inflation Above 3% and Rising 60/40 portfolios tend to suffer when inflation is above 3% and rising. Image: Goldman Sachs Global Investment Research

Outperformance of Procyclical Styles – Current Rotation vs. History Investors are pricing a cyclical recovery. Image: Morgan Stanley Research

U.S. Treasury Volatility Since 2014, U.S. Treasury volatility tends to peak at similar levels. Image: Arbor Research & Trading LLC

Russell 2000 Index – Members Above 200-Day Moving Average Are investors too optimistic, as small-cap breadth is reaching overbought levels? Image: Morgan Stanley Wealth Management

Large-Cap Mutual Funds – Over/(Under)weight Allocations Large-cap mutual funds are underweight retail favorites. Image: Goldman Sachs Global Investment Research

S&P 500 Index and Non-Profitable Tech Stocks Despite the lack of profit, non-profitable tech stocks continue to rise. Are they in a bubble? Image: The Daily Shot