Search Results for: allocation

S&P 500 Rallies – Distribution of Duration Between 3%+ Sell-Offs Rallies lasting more than 100 days are rare. Image: Deutsche Bank Asset Allocation

Consolidated Equity Positioning Equities positioning are at their highest level in two years, as optimistic investors price in a global growth rebound. Image: Deutsche Bank Asset Allocation

Aggregate CTAs Equity Exposure CTAs equity exposure also remains at a high level. Image: Deutsche Bank Asset Allocation

Global Equity Flows A lot of investors are chasing returns, driving stocks higher. Image: Deutsche Bank Asset Allocation

S&P 500 Earnings and Net Buybacks Buybacks have been trending lower over the last two quarters. Deutsche Bank expects buybacks to slow to $625bn in 2020. Image: Deutsche Bank Asset Allocation

Trade War – S&P 500 Peaks and U.S. Trade Policy What is the likelihood of a trade deal between the U.S. and China? Past market peaks have been followed by major trade escalations. Image: Deutsche Bank Asset Allocation

S&P 500 and ISM Composite PMI At current levels, the U.S. market is pricing in a strong rebound in the ISM Composite PMI rising to 57. Image: Deutsche Bank Asset Allocation

Valuation – Distribution of S&P 500 P/E since 1935 On a P/E basis, the S&P 500 is not cheap. The S&P 500 P/E has been higher only about 10% of the time since 1935. Image: Deutsche Bank Asset Allocation

Super-Cycles – Commodities, Stocks, and Bonds The importance of asset allocation and diversification: commodities, stocks, and bonds do not necessarily moved together over the long term. Image: Wells Fargo Investment Institute

Correlation Matrix This grid shows the correlation between different asset classes. It is very useful for asset allocation. Image: Fidelity Investments

Global Equity vs. Bonds and U.S. Unemployment Rate and Recessions The chart shows that the U.S. business cycle drives global asset allocation and suggests a possible U.S. recession in 2020. Image: Pictet Asset Management