U.S. Stock Market – Margin Debt and Free Cash Balances Margin debt in U.S. equities has reached new high. Could the level of margin debt pose a risk to the bull market? Image: Real Investment Advice
Cash – Currency and Deposits of DM Households Could the excess accumulation of cash drive global stock markets higher? Image: Capital Economics
Cash – U.S. Corporate Liquid Assets How long can the U.S. stock market keep rising? U.S. companies are sitting on $7 trillion in cash. Image: BofA Research Investment Committee
Hit Ratio of Cash Relative Performance for Different Investment Horizons Will bonds underperform cash? Image: Goldman Sachs Global Investment Research
Performance vs. S&P 500 by Uses of Cash Should investors forget buybacks and dividends? U.S. companies that spend the most cash on M&A have outperformed the S&P 500 since 2016. Image: Goldman Sachs Global Investment Research
Share of Monthly Consumer Payments in Cash in the U.S. The coronavirus pandemic has accelerated the decline in cash payments in the United States. Image: Alpine Macro
Total Return – U.S. Equities vs. U.S. Bonds vs. U.S. Cash vs. Gold Is cash trash? Cash has been the worst investment over the long term in the United States. Image: Morgan Stanley Research
S&P 500 Index Operating Cash Flow as a Percent of Market Capitalization Market fragility remains elevated. Cash flow as a percent of market cap is close to the dotcom bubble low. Image: Morgan Stanley Wealth Management
Returns for Portfolio of 25% in Global Equities, Bonds, Commodities, Cash A diversified portfolio of 25% in global equities, bonds, commodities and cash is annualizing a 16% return, well above the historical average. Image: BofA Global Investment Strategy
Purchasing Power – Stocks, Bonds, Gold, Cash, Fiat, Inflation Index Stocks tend to outperform bonds over the long term. Image: Fidelity Investments