S&P 500 and 12-Month Rate of Change in Margin Debt The rise in margin debt in June and July can be seen as a bullish signal for U.S. equities, indicating increased optimism and risk appetite among investors. Image: BofA Global Research Click the Image to Enlarge
U.S. Public Debt Outstanding The U.S. public debt is projected to continue growing by $5.2 billion every day over the next 10 years. Image: BofA Global Investment Strategy
U.S. Debt Ceiling If Congress fails to raise the debt ceiling, it is probable that the U.S. Treasury will not be able to pay its bills completely and promptly in early June 2023. Image: Goldman Sachs Global Investment Research
U.S. Debt Ceiling Historically, Gold tends to be the best hedge against U.S. debt ceiling concerns. Image: BofA Global Research
U.S. Debt Ceiling The U.S. debt ceiling is a crucial issue. FMS investors are confident that the debt ceiling will be resolved. Image: BofA Global Investment Strategy
IG + HY + EM Debt Flows Flows into IG/HY/EM debt have turned positive. Image: BofA Global Research
FINRA Margin Debt and 12-Month Z-Score Is the current 12-month z-score for margin debt a contrarian bullish signal for U.S. stocks? Image: BofA Global Research
U.S. Corporate Debt to Equity U.S. corporate debt to equity is just 25%. Image: BofA Global Research
U.S. Household Debt Outstanding as a Percentage of Annual Nominal GDP U.S. household debt as a percentage of nominal GDP remains stable. Image: Goldman Sachs Global Investment Research
U.S. Household Debt as % of GDP The COVID-19 pandemic led to a spike in U.S. household debt as a % of GDP. Image: BofA Global Research
U.S. Household Debt Payments – Financial Obligations Ratio The ratio of U.S. household debt payments to disposable income is at all-time lows. Image: BofA Global Research