Category: Blog

Cash – FMS Investors BofA FMS investors are underweight cash, suggesting an early-stage recovery as after the internet bubble and the Great Financial Crisis. Image: BofA Global Fund Manager Survey

Euro to U.S. Dollar (EUR/USD) and China’s Credit Cycle (Leading Indicator) China’s credit cycle tends to lead the EUR/USD by one year. Image: Alpine Macro

Gold Spot Price and U.S. 10-Year TIPS Yield Generally, when the U.S. 10-year TIPS yield goes up, gold tends to go down. Image: Nordea and Macrobond

U.S. 30 Year Total Return Benckmark Government Index and All-Country World Total Return Index Could rising inflation be more painful for bonds than for equities? Image: BCA Research

Single Stock Liquidity Single stock liquidity is improving since March, but remains below average levels. Image: Goldman Sachs

Cumulative Front Month S&P 500 Futures Returns by Time of Day Gains in S&P 500 futures have occurred after-hours since March lows. Image: Goldman Sachs Global Investment Research

S&P 500 and Bullish Triangle Pattern The bullish triangle pattern could suggest 3800s into early 2021 for the S&P 500. Image: BofA Global Research

Performance – Top 5 Stocks vs. S&P 500 and Remaining S&P 500 Stocks Will the top 5 mega-tech stocks continue to underperform the S&P 500? Image: J.P. Morgan Asset Management

MSCI AC Asia Pacific Excluding Japan Index – MXAPJ Performance Before/After Bear Market Through Since 1970 The MSCI AC Asia Pacific Excluding Japan Index is up 66% from the March lows. The rally is much stronger than previous bounces since 1970.

Economies in Recession This year is ending with 93% of the world’s economies contracting, with 53% shrinking by more than 6%. Image: BofA Global Research

IPO Market in the U.S. The U.S. IPO market heats up in 2020, but more unprofitable companies are going public. Image: Bloomberg