Quantitative Easing – Net Asset Purchases for G-7 Central Banks Net asset purchases for G-7 central banks approached $1.4 trillion in March. To put things in perspective, this is more than five times higher than the previous peak of $270 billion in April 2009. Image: Bloomberg
Does Quantitative Easing Affect Valuation? More fundamentally, low interest rates, high margins, low taxes, buybacks & free cash flow drive stocks higher. Image: Fidelity Investments
Global Central Bank Balance Sheet Growth and Quantitative Easing BofA suggests that global central bank balance sheets will peak at $879bn in September 2020. Image: BofA Global Investment Strategy
U.S. Quant Mutual Funds 2019 was another tough year for quant mutual funds, as just 15% beat the U.S. stock market. Image: Financial Times
Quant Hedge Fund Performance vs. S&P 500 Does quant trading really work? 2019 was a tough year for quant hedge funds. Image: Bianco Research
Rolling 12-Month Buyback Announcements Stock buyback announcements continue to increase, which is good news for stocks. Image: J.P. Morgan US Equity Strategy and Global Quantitative Research
Valuation – S&P 500 Trailing 4Q PE Should investors take a cautious approach to U.S. stocks? Image: BofA US Equity & Quant Strategy
Global Earnings Revision Ratio The global earnings revision ratio is still improving. Image: BofA Global Quantitative Strategy
Fed – Expectation for the Tapering Timeline Is it time to talk about tapering quantitative easing and rate hikes? Image: Goldman Sachs Global Investment Research
Inflation vs. S&P 500 Trailing P/E The U.S. equity market tends to see multiple compression when inflation rises (R² = 0.54). Image: BofA US Equity & Quant Strategy