Category: Blog

Gold Inflows Since 2018 More retail investors are turning to gold investment. Image: BofA Global Research

Inflation – S&P 500 LTM Sales Growth vs. Core CPI Since 1970 Rising inflation tends to boost S&P 500 earnings. According to Goldman Sachs, a 100bp increase in average annual core CPI would lift the S&P 500 EPS to $170 in 2021. Image: Goldman Sachs Global Investment Research

Average S&P 500 Performance Around U.S. Presidential Elections Since 1972 Market volatility is expected to continue ahead of the U.S. presidential election. Image: Nordea and Macrobond

What Shape Is the Global Economic Downturn Most Likely to Take? A V-shaped global economic recovery seems unlikely. Image: Oxford Economics

GWIM Equity Flows – Buy the Dip? Time to buy the dip? BofA private clients have bought the dip in the past two weeks. Image: BofA Global Investment Strategy

Prediction for U.S. GDP Growth from Q42020 to Q42021 32 leading academic economists do not see significantly higher GDP growth under Donald Trump or Joe Biden, as long as the current control of Congress remains the same. Image: BofA

Coronavirus Vaccine in the U.S. Superforecasters see a 53% probability that 25 million doses of an FDA-approved COVID-19 vaccine will be available by March 2021 vs. 69% two weeks ago. Image: Goldman Sachs Global Investment Research

U.S. Dollar vs. Equities A stronger U.S. dollar suggests weaker equities. Image: Goldman Sachs Global Investment Research

Retail Trades and Individual Investors Retail investors are driving the recent bull market. Image: Financial Times

Seasonality – S&P 500 Index – Average Percent Change Each Month – 1928-2020 Historically, September has been challenging for the S&P 500. Image: Yardeni Research

Periods of S&P 500 and U.S. Dollar Weakness A period of weakness in the U.S. dollar is not necessarily good news for investors. Image: BofA Global Investment Strategy