Equity Net Long Positioning – Leveraged Funds and Asset Managers Net Future Positions Leveraged funds and asset managers continue to maintain significant net long positions in U.S. equity futures, despite showing some reduced bullishness. Image: Goldman Sachs Global Investment Research
Household Asset Allocation The wealth gap between the rich and the middle/lower classes is significantly influenced by their asset ownership patterns. The wealthy predominantly own equities, while the middle and lower classes tend to invest heavily in real estate. Image: Goldman Sachs Global Investment Research
U.S. Money Market Fund Assets U.S. money market fund assets hit a new all-time high of $8.2 tn, reflecting a continued trend of investors seeking safety and yield. Image: Goldman Sachs Global Investment Research
Equity Share of Household Financial Assets Compared to U.S. households, Europeans exhibit lower stock ownership rates, which can be explained by cultural savings attitudes, structural differences in pension systems, and a stronger preference for liquid investments. Image: Goldman Sachs Global Investment Research
Global Money Market Fund Assets Global money market fund assets hit a new all-time high of $9.7 tn, highlighting the perceived security and attractiveness of these funds as a viable approach for temporarily storing and increasing capital. Image: Goldman Sachs Global Investment Research
Asset Class Annualized Real Returns Since 1900 Since 1900, U.S. equities have delivered an annualized real return of 6.7%, highlighting their importance in long-term investment strategies and offering strong returns compared to other asset classes over the past century. Image: J.P. Morgan Asset Management
Asset Class Returns This year’s substantial variation in performance emphasizes the importance of rebalancing portfolios, given that strong gains in some sectors have resulted in elevated valuations that may be prone to pullbacks. Image: J.P. Morgan Asset Management
Equities as a Percent of Financial Assets With favorable market conditions and increasing stock valuations, Americans now hold more than 37% of all assets in equities, marking a record high. Image: Morgan Stanley Wealth Management
ETF Assets Leveraged Long/Short Products Ratio With leveraged long ETFs leaving inverse products in the dust, market’s optimism is so contagious that bears are considering a career change! Image: Bloomberg
Asset Manager Net Positioning Asset managers are so optimistic, they’re buying stocks like it’s Black Friday and every deal is a steal! This behavior raises concerns about excessive optimism and indicates a potentially overheated market. Image: MarketDesk Investment Committee Handbook
Total Return Performance of Various Assets Despite Warren Buffett’s skepticism towards gold as an investment, the precious metal has outperformed both U.S. equities and U.S. Treasury bonds over the past 25 years. Image: Deutsche Bank