Category: Blog

Cash Levels – S&P 500 and Money Market Fund Assets Investors are still sitting on a high amount of cash, despite the rally in the S&P 500. Image: Alpine Macro

S&P 500 (Top) with % of Stocks Above 50-Day Moving Averages (Bottom) The breakout for % of stocks above 50-day moving averages is a bullish signal for the S&P 500. Image: BofA Global Research

Russell Value Relative to the S&P 500 Is this the most significant bottom for Value relative to the S&P 500? Image: BofA Global Research

Market Bubbles – Performance Leading Upto the Peak History suggests that a bubble peak may not be near for global equities. Image: Credit Suisse Research

Cross-Asset Valuation for the U.S. On an absolute basis, equities look expensive by historical standards, but relative valuations appear attractive, as free cash flow yield and ERP look cheap. Image: Goldman Sachs Global Investment Research

U.S. 30-Year Bond Total Return by Year Since 1974 Will 30-year bond yields keep rising? Image: Arbor Research & Trading LLC

Performance – Russell 2000 Relative to Nasdaq 100 vs. U.S. 10-Year Treasury Yield Will small-cap stocks continue to outperform large-cap growth stocks, if the U.S. 10-year Treasury yield continues to rise? Image: Lohman Econometrics

Sentiment – U. Michigan Increase in Stock Market Prices in 1-Year U.S. consumers are very bulish for stock prices in 1-year. Image: The Daily Shot

S&P 500 All Time Highs per Year and CAPE Ratio at YE Yesterday was the 11th all-time high in 2021. New all-time highs tend to occur in clusters and can last more than 10 years. Image: Deutsche Bank

S&P 500 Index Forecast Will the S&P 500 rise 10% to 4,300 by the end of June 2021? Image: Fundstrat Global Advisors, LLC

U.S. Inflation Expectation Basket Will U.S. inflation expectations fall back to lower levels? Image: Gavekal, Macrobond