S&P 500 Index and Technical Score With a reading of 78.09, the U.S. stock market is less overbought, signaling a potential period of consolidation. Image: Real Investment Advice

S&P 500 Index Max Pullback per Calendar Year A key factor in wealth creation is being prepared for market volatility. Looking back to 1980, the S&P 500 index has shown an average peak-to-trough pullback of…

Volatilty – VIX Level Goldman Sachs predicts that a 1 standard deviation economic shock could potentially cause the VIX to skyrocket to 28, reflecting a substantial increase in volatility, based on their economic model of…

Commodities Rolling 10-Year Annualized Returns Historical trends suggest that commodity bull markets have the potential to last for extended periods, often spanning multiple years. Image: BofA Global Investment Strategy

IG Bond Flows Investors’ persistent flows into corporate bond funds reflect their ongoing confidence and interest in this asset class. Image: BofA Global Investment Strategy

4-Week Flow Pace into Bitcoin Funds There has been a significant decline in the 4-week flow pace into Bitcoin funds. Image: J.P. Morgan

GWIM 4-Week ETF Flows as % of AUM BofA’s private clients have been buying EM debt, Japan, munis ETFs, and selling energy, dividend, financials ETFs over the past four weeks. Image: BofA Global Investment Strategy

Interest Rates – U.S. Federal Funds Rate Expectations BofA expects a 3.5-3.75% terminal rate in this cutting cycle, up 50bp from their previous forecast. This suggests a need to tighten monetary policy to control inflation…

Annual Changes in Central Bank Gold Reserves The significant increase in gold reserves by China, Poland, and Singapore in 2023 reflects a broader trend of central banks expanding their holdings of bullion amid escalating geopolitical…

U.S. Real Retail Sales and Recession In March, U.S. real retail sales stand at 0.52% YoY. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession…