Gold and Silver Forecasts
Gold and Silver Forecasts Bank of America forecasts gold price $1700 by year-end. Image: BofA Global Research
Gold and Silver Forecasts Bank of America forecasts gold price $1700 by year-end. Image: BofA Global Research
New Path of the S&P 500 Market in 2020 Goldman Sachs has set a price target of 3200 by the end of 2020, and a new mid-year S&P 500 target of 2000. Image: Goldman Sachs Global Investment Research
Consolidated Equity Positioning to the Lowest on Record Equities positioning are at their lowest level on record, as pessimistic investors price in recession risks. Image: Deutsche Bank Asset Allocation
Path of the S&P 500 Market in 2020 Goldman Sachs has set a price target of 3200 by the end of 2020, and a mid-year S&P 500 target of 2450 (28% below the market peak). Image: Goldman Sachs Global Investment Research
U.S. Equities During Past 11 Recessions The S&P 500 has declined by 15% from its peak. The average decline over the past 11 recessions is 26%. U.S. equity markets price in 15/26 = 57% chance of an average recession. Image: J.P. Morgan
S&P 500 and VIX/10-Year U.S. Treasury Ratio Chart showing how spikes in the VIX/10-Year U.S. Treasury ratio result in lower equity prices. Image: Truist
U.S. True Money Supply and Nominal GDP Growth This chart suggests that money supply outpacing U.S. nominal GDP tends to be bullish for asset prices. Image: Gavekal, Macrobond
Forecast: Path of the S&P 500 in 2020 Goldman Sachs sees limited upside for the S&P 500 from current levels and set a price target of 3400 by the end of 2020. Image: Goldman Sachs
Gold, Bitcoin and Negative Yielding Debt Chart suggesting that gold price and bitcoin have been boosted by rising negative-yielding debt. Image: Fidelity Investments
Purchasing Power of the Consumer Dollar in U.S. City Average As prices increase, the purchasing power of the consumer’s dollar declines. US$100 in 1913 would only be worth US$3.87 today.