ISABELNET Cartoon of the Day In a bull market, asking a bear how to make more money is like asking a cat to take a bath—neither is likely to cooperate, especially with the U.S. stock market hitting record highs! Have a Great Day, Everyone! 😎
ISABELNET Cartoon of the Day Bears can’t stop laughing as gold trades near a two-month low. But Goldman Sachs predicts gold will hit a record high of $3,000 per ounce by December 2025, driven by central bank purchases and U.S. interest rate cuts. Have a Great Week, Everyone! 😎
Performance – U.S. vs. Global ex-U.S. Given that U.S. equities are at record highs compared to global stocks, should long-term investors consider reallocating a larger portion of their portfolios to global ex-U.S. stocks instead of heavily investing in U.S. equities? Image: BofA Global Investment Strategy
Performance – Nikkei 225 BofA has expressed its optimistic outlook for the Nikkei 225 Index, predicting that it will achieve new record highs in 2024 and rise by a substantial 13%. Image: BofA Global Research
Commodities – UN Food Price Index The Russia-Ukraine conflict drives food prices to record high. Image: BofA Global Investment Strategy
Commodities – Wheat Prices The COVID-19 pandemic and the Russia-Ukraine conflict push food prices to record high. Image: BofA Global Investment Strategy
Yield Curve – U.S. Equity Returns in the 12-Months Following the First 10Y-2Y Inversion in Each Cycle Will the S&P 500 hit a new record high this year, despite the 10Y-2Y inverted yield curve? Image: J.P. Morgan
Tech Weight in S&P 500 Tech weight in the S&P 500 is near record high, but fundamentals are much stronger than during the dot-com bubble. Image: BofA US Equity & Quant Strategy
Announced Share Buybacks in the U.S. This chart puts into perspective the year-to-date running total of announced share buybacks in the U.S., Share buybacks surged to record highs this year, which is good news for U.S. stocks. Image: Fidelity Investments
U.S. Job Openings Rate U.S. job openings are near record high, with 11 million open jobs in October, as hiring struggles persist. Image: BofA Global Research
7-Quarter Change in U.S. Household Net Worth The net worth of U.S. households reached a record high of 128% of GDP. Image: BCA Research