S&P 500 Dividend Yield Divided by 10-Year Treasury The S&P 500 dividend yield could be less attractive relative to the 10-year Treasury, if the 10-year yield rises to 1.75% by year-end. Image: BofA US Equity & Quant Strategy
S&P 500 12-Month Return Distribution by YoY Changes in Long-Term (10-Year+) Treasury Yield There is no clear relationship between change in rates and stock returns. Image: BofA US Equity & Quant Strategy
Valuation – Dow Jones Industrial Average from 1921 to 1954 It took the Dow Jones 25 years to regain its 1929 highs. Is the U.S. stock market currently in bubble territory? Image: Financial Times
Monthly Tech Performance Around Peak Has tech performance reached its peak? Image: Deutsche Bank
Performance – % of Large-Cap Active Funds that Outperformed their Russell 1000 Benchmarks in January January was a tough month for large-cap active funds. Image: BofA Global Investment Strategy
U.S. Stock Market – New York Stock Exchange U.S. Short Interest Short-interest continues to decline on the NYSE. Image: Morgan Stanley Wealth Management
NAAIM Exposure Index and S&P 500 Index Asset Manager/Institutional Short Futures Only Open Interest Is the U.S. stock market ripe for a correction? Image: BCA Research
Penny Stocks Search Term Penny stocks make massive waves in the market lately. Another sign of euphoria. Image: Google
One-Year Correlation – Oil vs. U.S. Consumer Price Index (Inflation) When oil jumps in price, it tends to increase the cost of goods. Image: Morgan Stanley Wealth Management
Confirmed Global Coronavirus Cases and Vaccination Doses Administered The number of COVID-19 vaccinations in the world has exceeded the total number of confirmed cases. Image: Financial Times
U.S. Cyclicals vs. Defensives and Brent U.S. cyclicals vs. defensives diverged significantly from the price of Brent in January. Image: Goldman Sachs Global Investment Research