MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500
MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500 The 3-year bear market for global equities ex. U.S. is over. Image: Strategas Research Partners
MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500 The 3-year bear market for global equities ex. U.S. is over. Image: Strategas Research Partners
10-Year U.S. Treasury Bond Yield – 50-Day and 200-Day Moving Averages Could bond markets take a bearish turn? Image: Morgan Stanley Wealth Management
AAII Bullish Sentiment Above 50 Historically, a reading above 50 for the AAII Bullish Sentiment is contrarian bearish. Image: BofA Global Research
Markets – The Big Picture, 2020 vs. 2021 2020 is the year of the coronavirus, a lockdown, a recession, which is bullish for Wall Street. 2021 will see a vaccine, a reopening, a recovery, which is bearish for Wall Street. Image: BofA Global Investment Strategy
U.S. 10-Year Treasury Fair Value Adjusted for QE A potential “blue wave” could add fuel to the bear steepening in the U.S. Treasury curve. Image: Oxford Economics
FMS Investors and Bull Market Net 46% of FMS investors say “it is a bull market”, no longer a “bear market rally” (35%). Image: BofA Global Fund Manager Survey
U.S. Dollar Most Oversold in 40 Years Morgan Stanley has exited its short position on the U.S. dollar index, but remains bearish in the medium term. Image: Morgan Stanley Research
U.S. Treasuries Held by Foreign Official Accounts vs. U.S. Dollar Index A bearish move in the U.S. dollar tends to increase foreign official holdings of U.S. Treasuries. Image: BofA
U.S. AAII Investor Sentiment U.S. AAII investors remain bearish on stocks. Image: BCA Research
S&P 500 and % of Members with MACD Sell Signals Is that bearish? 56% of S&P 500 stocks are sending sell signals. Image: SentimenTrader
S&P 500 Index Drawdowns After Rally Off Lows After major bear market lows in place, pullbacks are actually perfectly normal. Image: LPL Research