Cumulative Global Sector Fund Flows While the technology sector has recorded strong inflows over the past year due to rapid artificial intelligence adoption and expansion, the energy sector has faced outflows. Image: Deutsche Bank Asset Allocation
S&P 500 Returns the First 100 Days of a New Term The S&P 500’s 7.8% decline during Donald Trump’s first 100 days in office represents the worst start to a president’s term since Richard Nixon’s in 1973. Image: Yahoo Finance
Consensus Estimated Margin Growth Slower economic growth and rising costs are expected to lead to a decline in S&P 500 margin estimates later this year. Image: Goldman Sachs Global Investment Research
Equity Sectoral and Regional ETF Flows Materials, energy and healthcare ETFs are still experiencing notable outflows, leading to a decrease in investor interest. Image: J.P. Morgan
Sector ETF Flows In 2024, the financial sector ETF (XLF) saw substantial inflows, making it the leading performer in attracting new capital, while the energy sector ETF (XLE) experienced significant outflows, ranking it as the worst performer. Image: GS Global Banking and Markets
GWIM 4-Week ETF Flows as % of AUM BofA’s private clients have been buying municipals, dividend, utilities ETFs, and selling energy, EM debt, low-vol ETFs over the past four weeks. Image: BofA Global Investment Strategy
FMS Investor Positioning Global FMS investors have overweighted their exposure to utilities, bonds and telecoms compared to historical levels, while reducing their exposure to cash, energy, materials and tech. Image: BofA Global Fund Manager Survey
CTAs Exposure to Copper CTAs have a bullish outlook on copper due to the anticipated surge in demand driven by infrastructure development and the global shift towards renewable energy sources. Image: Deutsche Bank Asset Allocation
Global Oil Demand Growth BofA forecasts that global oil demand will continue to grow, but at a slower pace in the coming years, due to the increasing efficiency of energy technology. Image: BofA Global Research Estimates
S&P 500 Sector Return on Equity vs. Price/Book Valuation The energy and consumer staples sectors are trading at levels below ROE-implied valuations. Image: Goldman Sachs Global Investment Research
Valuation – Distribution of Sector FY2 P/E Ratios Relative to S&P 500 The energy sector’s discount to the S&P 500 suggests potential investment opportunities for those who believe in the energy sector’s long-term growth prospects. Image: Goldman Sachs Global Investment Research