Cumulative Advance-Decline Line for the S&P 500 Index The S&P 500 advance-decline line is a crucial indicator of market trends and sentiment. An all-time high typically indicates favorable news for the U.S. stock market. Image: Morgan Stanley Research
S&P 500 Advance-Decline Line The S&P 500 advance-decline line serves as an essential indicator of market trends and sentiment. When it hits an all-time high, it typically signals positive news for the U.S. stock market. Image: BofA Global Research
Secular Bull Market – S&P 500 Weekly Chart with the 40-Week MA and 200-Week MA The S&P 500 has reached the 5600s target based on the bullish cup and handle pattern that formed in 2022-2023. The early-2024 breakout to new all-time highs projects further upside potential to the 6150 level. Image: BofA Global Research
Performance – Nikkei 225 BofA has expressed its optimistic outlook for the Nikkei 225 Index, predicting that it will achieve new record highs in 2024 and rise by a substantial 13%. Image: BofA Global Research
S&P 500 Average Return the Day After a Down Day This year, the S&P 500 has gained 0.27% on average following a down day. Will U.S. stocks make a new all-time high before the end of the year? Image: Carson Investment Research
S&P 500 – Net Insider Buying Insider buying tends to be highest around market lows, which is good news for the S&P 500. J.P. Morgan Equity Macro Research
Yield Curve – U.S. Equity Returns in the 12-Months Following the First 10Y-2Y Inversion in Each Cycle Will the S&P 500 hit a new record high this year, despite the 10Y-2Y inverted yield curve? Image: J.P. Morgan
Announced Share Buybacks in the U.S. This chart puts into perspective the year-to-date running total of announced share buybacks in the U.S., Share buybacks surged to record highs this year, which is good news for U.S. stocks. Image: Fidelity Investments
Monthly Net Rating Change The credit ratings upgrade cycle continued in September, which is good news for high yield investors. Image: BofA Global Research
Valuation – U.S. Equity Market Cap to GDP and U.S. Corporate Profits to GDP Is the U.S. stock market expensive? The U.S. equity market capitalization to GDP ratio hits a new all-time high. Image: Goldman Sachs Global Investment Research
Coronavirus – Average Daily COVID-19 Cases per 100K in U.S. Counties, Bucketed by Vaccination Rates Are COVID-19 vaccines effective? On average, new daily COVID-19 cases are higher in U.S. counties with lower vaccination rates. Image: BofA Global Research