FMS Investors and Stock Market Valuation

FMS Investors and Stock Market Valuation Is the stock market overvalued? Large number of FMS investors still think stock market is “overvalued” at 71%. Image: BofA Global Fund Manager Survey

S&P 500 vs. FMS Cash Balance

S&P 500 vs. FMS Cash Balance The BofA Fund Manager Survey cash balance is still elevated at 5.7%. This is an interesting contrarian indicator. Image: BofA Global FMS

Equity Over-Valuation Composite Indicator

Equity Over-Valuation Composite Indicator Is the current stock market the most overvalued since 1998? 78% of FMS investors think so. Image: BofA Global Fund Manager Survey

Asset Allocation: Global Bonds

Asset Allocation: Global Bonds FMS investors are still more bearish than bullish. Image: BofA Global Fund Manager Survey

Breakeven Prices for Existing U.S. Oil Wells

Breakeven Prices for Existing U.S. Oil Wells Breakeven prices for existing U.S. oil wells highlights that the current WTI oil price is too low for oil companies to make a decent return. Image: Federal Reserve Bank of Dallas Energy Survey

FMS Cash Balance vs. S&P 500

FMS Cash Balance vs. S&P 500 The BofA Fund Manager Survey cash balance jumps to 5.9%, highest since right after 9/11. This is an interesting contrarian indicator. Image: BofA Global FMS

Expected Duration of Global Recession

Expected Duration of Global Recession This chart suggests the expected duration of the global recession based on survey data. Image: Oxford Economics

U.S. Election and Equities

U.S. Election and Equities Among advisors, the survey shows that the U.S. election is the biggest risk to equities. BofA US Equity & US Quant Strategy