FMS Investors – Net % Saying Gold Overvalued

FMS Investors – Net % Saying Gold Overvalued According to FMS investors, gold is currently considered the most overvalued since August 2020, raising concerns about a potential market bubble. Image: BofA Global Fund Manager Survey

Performance – Growth vs. Value

Performance – Growth vs. Value During times of scarce growth, growth stocks tend to outperform value stocks, while during periods of plentiful growth, value stocks tend to outperform growth stocks. Image: Goldman Sachs Global Investment Research

Growth vs. Value – Relative Price Return

Growth vs. Value – Relative Price Return In 2023, growth stocks have outperformed value stocks by a significant margin. This is often the case when economic growth is relatively weak and inflation declines. Image: Goldman Sachs Global Investment Research

Long Only Positioning in Value vs. Growth

Long Only Positioning in Value vs. Growth Value is still 53% underweight vs. Growth, highlighting a significant preference among investors for growth-oriented investments over value-based ones. Image: BofA US Equity & Quant Strategy

Returns – Value vs. Growth

Returns – Value vs. Growth Value stocks tend to outperform growth stocks when considering a longer time frame. Image: BofA Research Investment Committee

Oil – Brent Fair-Value Model

Oil – Brent Fair-Value Model J.P. Morgan expects Brent oil prices to exit the year at $86/bbl. Image: J.P. Morgan

S&P 500 Fair Value

S&P 500 Fair Value According to BofA, the fair value of the S&P 500 is 3,911 by year-end 2023 (bear case, based on the most bearish model). Image: BofA Global Research