S&P 500 – Margin Debt vs. Long-Term Trend A rise in the ratio of margin debt to the S&P 500 market cap could indicate a bullish outlook for the U.S. stock market, potentially signaling confidence in the market’s upward trajectory. Image: Topdown Charts
FMS Investors Overweight Equities In the current market environment, FMS investors have a more positive outlook on equities. Image: BofA Global Fund Manager Survey
Weighted Average Price Target for S&P 500 Companies Goldman Sachs price targets imply a +19.3% return over the next 12 months, which suggests a bullish sentiment and very optimistic outlook. Image: Goldman Sachs Global Investment Research
ISM Manufacturing PMI vs. ISM New Orders – Inventories The U.S. ISM New Orders less Inventories spread continues to suggest a higher ISM Manufacturing PMI. This correlation points towards a positive outlook for the manufacturing sector. Image: The Daily Shot
FMS Investors – Net % Overweight Real Estate FMS investors continue to have a pessimistic outlook on the real estate market. Image: BofA Global Fund Manager Survey
S&P 500 Total Return vs. USD Liquidity Proxy The U.S. liquidity outlook will be a headwind for U.S. stocks in the coming quarters. Image: Steno Research
Brent Crude Oil Will oil prices continue to fall on weaker economic outlook? Image: The Daily Shot
Oil Prices in Yen and Euros The near-term economic outlook for the Eurozone is bleak, while oil prices in euros are rising. Image: BofA Global Investment Strategy
Institutional, Private Client and Household Allocation to Bonds Are investors too pessimistic about the outlook for bonds? Image: BofA Global Investment Strategy
Copper and Gold – Rolling 6-Month Performance Copper prices are rising on a strong demand outlook and gold’s underperformance is a rotation into risky assets. Image: MarketDesk Research
Global GDP – OECD Forecasts OECD forecasts 4.2% global growth in 2021, as global economic outlook remains uncertain. Image: Financial Times