S&P 500 – Seasonality During Bull vs. Bear Markets – 3rd Year of U.S. Election Cycle Only Both bulls and bears may be frustrated this year. Image: Topdown Charts
Relative Performance of Prior Bull Market Leader vs. The Next Bull Market Leader Should investors continue to overweight the energy sector over the tech sector? Image: BofA US Equity & Quant Strategy
Bear Market Rally or New Bull Market? Most FMS investors do not think this is a new bull market. Image: BofA Global Fund Manager Survey
AAII Bullish Sentiment Individual investor sentiment must improve significantly if the current uptrend in U.S. stock prices is more than just a typical bear market rally. Image: BofA Global Research
Sentiment – Consecutive Weeks of Negative Bull-Bear Spread Negative sentiment persists among investors. Image: Deutsche Bank Asset Allocation
S&P 500 – Seasonality During Bull vs. Bear Markets (Midterm Election Years Only) Historically, the Santa Claus rally tends to occur only in bull markets during midterm election years. Image: Topdown Charts
Sentiment – 52-Week S&P 500 Forward Return and AAII Survey Bulls Minus Bears Historically, when investor sentiment is very bearish, there is often a bounce in the stock market. Image: Richardson Wealth
Cumulative Bull vs. Bear Markets Why do bear markets matter? Inflation-adjusted bull markets are almost completely wiped out by the subsequent bear market. Image: Real Investment Advice
Sentiment – U.S. 10-Year Treasury Bond Yield and Consensus Bulls Should investors remain bullish on U.S. Treasuries? Image: Topdown Charts
S&P 500 – The Secular Bull Market Roadmap So far, U.S. stocks continue to behave like a secular bull market. Image: Fidelity Investments