S&P 500 and Liquidity
S&P 500 and Liquidity The increase in aggregate U.S. liquidity since the lows of October 2022 has provided a boost to U.S. stocks, playing a significant role in their upward trend. Image: Real Investment Advice
S&P 500 and Liquidity The increase in aggregate U.S. liquidity since the lows of October 2022 has provided a boost to U.S. stocks, playing a significant role in their upward trend. Image: Real Investment Advice
Secular Bull Market – S&P 500 Weekly Chart with the 40-Week MA and 200-Week MA The S&P 500 index may have the potential to reach 5600 during a summer rally, as part of a catch-up…
U.S. 10-Year Treasury Yield – Daily Chart The U.S. 10-year Treasury yield could potentially rise to +/- 4.55% in the last wave up. Image: BofA Global Research
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance As concerns mount over the recent performance of the market, particularly in the tech sector, risk appetite of U.S. equity investors has cooled in April.…
GWIM T-Bill Flows The fact that BofA’s private clients continue to sell T-bills potentially signals the end of the Treasury bill “bubble.” Image: BofA Global Investment Strategy
GWIM Equity Allocation as % Assets Under Management BofA’s private clients are expressing optimism about the growth potential and expected returns of equity markets, as evidenced by their allocation of 61% of their portfolios to…
Probability of U.S. Recession Calculated from the Yield Curve The probability of a U.S. recession in 12 months, calculated from the yield curve, stands at 64% in March. Image: Federal Reserve Bank of Cleveland
Contributions to Year-on-Year Headline CPI Inflation The shrinking contributions from shelter and private transportation services are expected to result in a slowdown of U.S. headline CPI inflation, reaching 3% by the end of 2024. Image:…
U.S. Dollar to Japanese Yen (USD/JPY) Goldman Sachs has updated its projections for the USD/JPY exchange rate, anticipating the U.S. dollar to reach 155 yen in three months, 150 yen in six months, and 145…
U.S. Core CPI Inflation BofA expects U.S. core CPI inflation to cool off in March to 0.24% month-on-month, which should give the Fed confidence to begin its cutting cycle in June. Image: BofA Global Research