Category: Blog

Global Equity Flows vs. Global Equities vs. Bonds Over the past 12 months, global equities suffer record outflows since the Global Financial Crisis. Image: BofA Global Investment Strategy

Euro to U.S. Dollar (EUR/USD) and U.S. Dollar to China Yuan (USD/CNY) According to Goldman Sachs, the U.S. dollar remains overvalued despite the recent selloff, and offers poor fundamentals. Image: Goldman Sachs Global Investment Research

Nasdaq Composite Relative to CSI 300 Will U.S. growth stocks continue to outperform Chinese equities? Image: Gavekal, Macrobond

FY2 P/E Valuation Premium of Top Five S&P 500 Stocks vs. Rest of Market The valuation of the five largest stocks relative to the rest of the market is not as extreme as it was during the dotcom bubble. Image: Goldman Sachs Global Investment Research

Composition of Household Total Assets Chinese households are under invested in equities, with only 7% of total assets compared to 32% for U.S. households. Image: Goldman Sachs Global Investment Research

GWIM Cash Flows This chart shows the largest cash outflow from BofA’s private clients since April 2019, while there has been a lot of cash inflow this year. Image: BofA Global Investment Strategy

All Weather Portfolio (Stocks, Bonds, Cash and Gold) The All Weather Portfolio of 25/25/25/25 in stocks, bonds, cash and gold is up 18% over the past 90 days, the highest return ever. Image: BofA Global Investment Strategy

S&P 500, U.S. 10-Year Bond and 60/40 Portfolio – Cumulative Total Return Since 1900 Is market timing a good idea? Image: Goldman Sachs Global Investment Research

Global Debt to GDP Global debt to GDP is expected to reach a new high of 249% of GDP this year, and 246% in 2021. Image: Morgan Stanley Research

S&P 500 Excluding Five Highest and Lowest Return Days As the chart suggests, mistiming the U.S. stock market can be disastrous. Image: Goldman Sachs Global Investment Research

U.S. AAII Investor Sentiment U.S. AAII investors remain bearish on stocks. Image: BCA Research