Global Manufacturing PMI The global manufacturing PMI has returned to expansion territory, indicating a positive trend in global manufacturing activity. This is a welcome sign for the global economy. Image: Goldman Sachs Global Investment Research
EM Debt Flows Outflows from emerging market debt persist, indicating a sustained trend of movement away from this financial asset. Image: BofA Global Investment Strategy
Average Path of the S&P 500 During April April has historically been a month of positive trends in the U.S. stock market, suggesting favorable sentiment and growth potential. Image: Goldman Sachs Global Investment Research
Total Equity Flows Since mid-2023, there has been a notable resurgence in equity flows. This upward trend brings promising implications and serves as a positive development for investors. Image: Deutsche Bank Asset Allocation
S&P 500 to M2 Ratio The rising S&P 500 to M2 ratio suggests a potential overvaluation in the U.S. stock market. This trend implies greater demand for stocks compared to the supply of money, worrying investors and analysts. Image: Topdown Charts
U.S. Real Business Investment While some companies have demonstrated high levels of capital expenditure in the United States, the overall trend remains modest since the 2020 recession. Image: BofA Global Investment Strategy
Difference Between Initial Release and Consensus Expectations of U.S. GDP U.S. GDP was one of the biggest upside surprise compared to consensus expectations, highlighting the challenges of accurately forecasting economic trends and outcomes. Image: BofA Global Research
S&P 500 Operating Margin After the COVID-19 pandemic, the operating margins of companies in the S&P 500 have returned to a state of normalcy, leading to a positive trend of improved profitability and cash flows for these companies. Image: Morgan Stanley Wealth Management
Cumulative Asset Flows in % of AUM Terms In 2023, there has been a notable trend of strong inflows into “risk-free” assets, indicating a growing preference for low-risk investment options in an environment of higher yields. Image: Deutsche Bank Asset Allocation
U.S. Economic Expansions and Recessions There has been a general trend towards less frequent recessions in the United States over recent decades, which reflects the evolving nature of the U.S. economy and its resilience in the face of potential downturns Image: USAFacts
S&P 500 Free Cash Flow Despite a decline, the S&P 500 free cash flow remains higher than the historical trend, even during the current hiking cycle. Image: BofA Research Investment Committee