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

FMS Investors and Risk Level

FMS Investors and Risk Level This chart shows that risk taking by FMS investors remains at high level. Image: BofA Global Fund Manager Survey

U.S. Real GDP Forecast

U.S. Real GDP Forecast According to 37 professional forecasters surveyed by the Federal Reserve Bank of Philadelphia, U.S. real GDP is expected to grow 2% in 2020 and should continue to improve next year. Image: Macrobond Financial

Are Fears About an Imminent Recession Overblown?

Are Fears About an Imminent Recession Overblown? Historically, a recession is coming when the Leading Index for the United States is below 1. Today, it stands at 1.37. “The leading index for each state predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables…