Reserve Bank Credit, Treasury Securities and MBS This chart shows how Reserve Bank credit has increased, as the Fed has continued to add treasury securities to its balance sheet. Image: Wells Fargo Investment Institute
Foreign Holdings of U.S. Treasury Securities by Selected Countries Japan and China are the two major foreign holders of U.S. Treasury securities. Currently, Japan surpasses China as largest foreign holder of U.S. Treasuries. Image: Goldman Sachs Global Investment Research
When Treasury Inflation-Protected Securities (TIPS) Outperform? The chart shows that Treasury Inflation-Protected Securities (TIPS) usually outperform regular Treasuries when the 10-year breakeven inflation rate is below 2%. The 10-year breakeven inflation rate is a market-based measure of expected inflation over the next 10 years. Image: Movement Capital LLC
Insider Transactions Ratio The Insider Transactions Ratio (officer, director or owner of 10% or more of a class of a company’s securities) remains in the bullish zone. Image: Barron’s
Cumulative Equity Sector Flows – Single Stock vs. ETF BofA clients continue to put their money into single stocks. Image: BofA Securities
Flows – Fixed-Income Assets Flows into Treasury-Inflation Protected Securities (TIPS) funds have been very strong, as they offer investors protection against rising inflation. Image: BofA Global Research
GWIM Debt Holdings as % of AUM BofA private clients’ debt allocation remains low at 16.7%. Image: BofA Securities
Market – Net Buys by Client Group For the first time in 2022, retails were net sellers of U.S. stocks. Image: BofA Securities
Flows – Subsequent 4-Week S&P 500 Returns Retail investors continue to buy the dip despite the Russia-Ukraine conflict, which is bullish for U.S. stocks. Image: BofA Securities
Corporate Client Buybacks as a % of S&P 500 Market Capitalization Corporate share buybacks are approaching pre-COVID levels, which is good news for stocks. Image: BofA Securities