S&P 500 2020 Target Models

S&P 500 2020 Target Models BofAML is bullish. The official S&P 500 2020 estimate is 3,300. Image: BofA Merrill Lynch US Equity & US Quant Strategy

U.S. Domiciled Funds: Active vs. Passive

U.S. Domiciled Funds: Active vs. Passive Record passive inflows suggest passive equity funds will surpass active in the coming years. Image: BofA Merrill Lynch US Equity & US Quant Strategy

Rotation from U.S. Stocks to Rest-of-World

Rotation from U.S. Stocks to Rest-of-World The rotation from U.S. stocks to cheaper global stocks continues, reaching $123 billion recently. Image: BofA Merrill Lynch Global Investment Strategy

Global Debt by Sector and Recession Risk

Global Debt by Sector and Recession Risk With global growth slowing, this chart suggests that the biggest recession risk is corporate deleveraging. Image: BofA Merrill Lynch Global Investment Strategy

Global Flows YTD

Global Flows YTD Chart showing a record bond inflows and equity outflows this year. Image: BofA Merrill Lynch Global Investment Strategy

Share of Central Banks Cutting Rates

Share of Central Banks Cutting Rates More than 60% of the world’s central banks are easing, while the U.S. stock market is at an all-time high. Image: NBF Economics and Strategy

Gold and Silver Weekly Fund Flows

Gold and Silver Weekly Fund Flows This is the biggest outflows from gold since December 2016, as a more positive global outlook drives optimism. Image: BofA Merrill Lynch Global Investment Strategy

BofAML U.S. Regime Indicator

BofAML U.S. Regime Indicator The BofAML’s U.S. regime indicator suggests that the “early cycle” is coming soon, and value typically outperforms. Image: BofA Merrill Lynch US Equity & US Quant Strategy