Sell Side Indicator (Average Recommended Equity Allocation by Wall Street Strategists) BofA is bearish, sees a rates shock next year and expects the S&P 500 to decline to 4,600 by year-end 2022. Image: BofA Global Research
S&P 500 Consensus Long-Term Growth Forecast The S&P 500 consensus long-term growth is at record high. Is this a bearish signal? Image: BofA US Equity & Quant Strategy
Equities – MSCI ACWI Total Return vs. U.S. High Yield/High Grade Total Return Relative Is credit a bearish sign for global equities? Image: BofA Global Investment Strategy
S&P 500 Real Earnings Yield Historically, negative real earnings yields tend to be bearish for U.S. stocks due to policy response. Image: BofA Global Investment Strategy
Total Real Return of $1000 Investment with Dollar Cost Average vs. S&P 500 Valuations Diversification does not always work and valuations matter. The S&P 500 can take a very long time to recover from a bear market. Image: Real Investment Advice
S&P 500 Futures and 50-Day Moving Average Morgan Stanley remains bearish on the U.S. stock market for this fall. Image: Morgan Stanley Research
S&P 500 Index and U.S. Corporate High Yield Index Is high yield credit a bearish sign for the S&P 500? Image: Morgan Stanley Wealth Management
Real Earnings Yield – S&P 500 12-Month Forward Earnings Yield Minus 10-Year TIPS Breakevens Is the S&P 500 real earnings yield now bearish for the U.S. stock market? Image: Topdown Charts
S&P 500 3-Month Seasonality Returns and Percentage of Time Up – Presidential Cycle Year 1 S&P 500 seasonality is more bearish in Presidential cycle year 1, from late summer into the fall. Image: BofA Global Research
S&P 500 and the 14-Day RSI Lower highs signal a bearish divergence on the 14-day relative strength index. Is a trend change imminent for the S&P 500? Image: BofA Global Research