Category: Blog

FMS Investors – Net % Think Small Caps will Outperform Large Caps Historically, small caps tend to outperform large caps after recessions. Image: BofA Global Fund Manager Survey

Trade-Weighted U.S. Dollar Index Goldman Sachs expects the depreciation in the broad U.S. dollar to continue in 2021 and beyond. Image: Goldman Sachs Global Investment Research

MSCI All Country World Index (MSCI ACWI) – Value Minus Growth, One-Day Change Should investors forget growth stocks, as value investing is back in play? Image: Morgan Stanley Wealth Management

Stocks – U.S. Free Liquidity and MSCI USA YoY Should investors expect more upside for U.S. stocks, as U.S. free liquidity continues to rise? Image: BofA Global Research

S&P 500 Index Performance After >85% Components Above 200-Day Moving Average More than 85% of stocks above their 200-day moving average is historically bullish. Image: LPL Research

Bond Yields and Rotation Trade Higher yields are good news for investors. According to BofA, the bull story next year is a reopening rotation story. Image: BofA Global Investment Strategy

S&P 500 EPS Growth Estimates with Potential Lockdowns Goldman Sachs baseline forecast for S&P 500 EPS is $175 by the end of 2021. Image: Goldman Sachs Global Investment Research

Global GDP Forecast – Return to Pre-Covid GDP Path Morgan Stanley expects the global economy will enter the next phase of the V-shaped recovery. Image: Morgan Stanley

Net U.S. Treasury Supply vs. Fed Treasury Purchases U.S. Treasury supply is expected to be much greater than Fed Treasury purchases. Image: BofA Global Research

Federal Reserve Balance Sheet Until 2022 The Fed’s balance sheet is expected to peak at US$9 trillion in 2022. Image: Morgan Stanley Research

U.S. Election Blue Wave – Russell 2000 vs. Nasdaq 1000 Futures and U.S. 10-Year Treasury Yield The blue wave trades collapsed after President Trump’s victory in Florida. Image: BofA Research Investment Committee