S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS Consensus EPS estimates for 2024 continue to track a typical non-recessionary year revision trend, suggesting a positive market outlook and the possibility of strong corporate profits. Image: BofA US Equity & Quant Strategy
Market Sentiment Indicator Morgan Stanley’s market sentiment indicator is currently in a neutral position. This suggests that investors do not have an overly bullish or bearish outlook on the current market conditions. Image: Morgan Stanley Research
S&P 500 Performance After New All-Time Highs On All Five Days of the Week When the S&P 500 hits new all-time highs on all five days of the week, historical data suggests a bullish outlook over the next 12 months, with a median return of 8.7% since 1950. Image: Carson Investment Research
Price of Oil Forecast In contrast to futures market’s expectations, Goldman Sachs forecasts a positive outlook for oil prices over the next 3 months. Image: Goldman Sachs Global Investment Research
CTAs Exposure to Copper CTAs have a bullish outlook on copper due to the anticipated surge in demand driven by infrastructure development and the global shift towards renewable energy sources. Image: Deutsche Bank Asset Allocation
Earnings – S&P 500 LTM EPS Growth YoY According to Morgan Stanley’s leading earnings indicator, the outlook for S&P 500 EPS over the next 12 months is positive, suggesting a potential rise in profitability. Image: Morgan Stanley Research
Global Equities – Weekly Global Advance-Decline Line of 73 Country Indices in Local Currencies The bullish weekly global advance-decline of 73 countries indices may positively impact global equities throughout the year, indicating an optimistic outlook for investors. Image: BofA Global Research
S&P 500 Performance After Three Consecutive Days NYSE Advancers of 74% or Greater Three consecutive days NYSE advancers of 74% or greater suggest a bullish outlook for the S&P 500 over the next 12 months, with an average gain of 22.7% since 2000. Image: Carson Investment Research
Fed Funds Rate Expectations Despite the initial anticipation of multiple rate cuts in 2024 as suggested by the Fed’s “dot plot,” the current market sentiment indicates a more reserved outlook, with fewer rate cuts in 2024. Image: BofA Global Investment Strategy
S&P 500 Quarterly Operating Margin An expansion in S&P 500 margins is also anticipated in the coming quarters, pointing towards a potentially optimistic outlook for profitability. Image: Deutsche Bank Asset Allocation