Search Results for: bear market

Markets – Investment Clock The investment clock is in the bear flattening phase. Image: BofA Global Research

Markets – The Big Picture, 2020 vs. 2021 2020 is the year of the coronavirus, a lockdown, a recession, which is bullish for Wall Street. 2021 will see a vaccine, a reopening, a recovery, which is bearish for Wall Street. Image: BofA Global Investment Strategy

FMS Investors and Bull Market Net 46% of FMS investors say “it is a bull market”, no longer a “bear market rally” (35%). Image: BofA Global Fund Manager Survey

Sentiment – AAII Bull/Bear Spread and S&P 500 Retail investors remain bearish, despite the market rally. Image: Morgan Stanley Research

Fund Managers Sentiment and Global Stock Market Returns (MSCI ACWI) Are fund managers too bearish? Two-thirds of global fund managers say this is a bear market rally. Image: Hondo Tomasz

Market Sentiment (AAII) Are AAII investors too bearish? The S&P 500 is up 30%, but there are now more bears than at the March lows. Image: Fidelity Investments

Market Sentiment Index The market sentiment index is at a bearish extreme, but the stock market can still decline further. Image: Alpine Macro

Secular Bull Market – S&P 500 and Small Caps vs. Large Caps Ratio This chart suggests that secular bull markets are bearish for small caps. Image: BofA Global Research

Equity Market Driven by Bonds Not Profits The chart shows a widening gap between cyclicals and bond proxies. It is clearly a cyclical bear market within a bull market, as during the dotcom bubble. Image: Societe Generale Cross Asset Research

First, Middle, Final Years of S&P 500 Bull Markets since 1975 The chart shows that the S&P 500 has generated a 26.9% return on average, in the final years of bull markets since 1975, excluding the current bull market. You may also like “Equity Market Performance Around Bear Markets.” Image: Legg Mason

New Secular Bull Market? This chart shows a perspective on secular bull and bear markets since 1930. Picture Source: ClearBridge Investments