When Do You Expect the U.S. Equity Market Will Peak?

When Do You Expect the U.S. Equity Market Will Peak? 77% of financial advisors believe the bull market will continue beyond 2024, as they expect stellar corporate results, easy financial conditions, and lower interest rates to support its continuation. Image: BofA US Equity & Quant Strategy

Sentiment – Risk Appetite and Expected U.S. Equity Market Performance

Sentiment – Risk Appetite and Expected U.S. Equity Market Performance The risk appetite of U.S. equity investors has improved further in March, fueled by a more optimistic economic outlook and bullish year-end market forecasts for the S&P 500. Image: S&P Global Market Intelligence

Global Stock Market Capitalization

Market Capitalization Betting against America has never been a wise choice. Can investors expect the U.S. equity market to maintain its superior performance relative to the European and Asian equity markets? Image: Goldman Sachs Global Investment Research

Real Market Cap to GDP Ratio vs. Expected 10-Year Forward Returns

Real Market Cap to GDP Ratio vs. Expected 10-Year Forward Returns The current elevated inflation-adjusted market capitalization to GDP ratio suggests the likelihood of anemic returns for the U.S. stock market over the next 10 years. Image: Real Investment Advice

Money Market Flows

Money Market Fund Flows Despite the U.S. equity market’s upward trend since its low in 2022, conservative investors continue to exhibit a strong inclination towards holding cash. Image: BofA Global Investment Strategy

S&P 500 Valuation – Real Market Capitalization to Real GDP Ratio

S&P 500 Valuation – Real Market Capitalization to Real GDP Ratio The inflation-adjusted market capitalization to GDP ratio is a useful metric for assessing the valuation of the U.S. stock market. The current elevated ratio suggests a potential overvaluation. Image: Real Investment Advice

Emerging Market Equity Flows

Emerging Market Equity Flows Emerging market equity funds experienced their first outflow since November 2023, suggesting a cautious sentiment among investors. Image: BofA Global Investment Strategy

Market – Net Buys by Sector

Market – Net Buys by Sector Last week, BofA’s clients have been net buyers of stocks in the communication services sector and net sellers of stocks in the tech sector. Image: BofA Securities