Fed balance sheet expansion is responsible for 51% of the SPX returns

It’s all about liquidity.

According to BofA $Bank of America(BAC)$ , Fed balance sheet expansion is responsible for 51% of the SPX $S&P 500(.SPX)$ returns since the GFC, by far the biggest driver of returns.

Earnings account for 23%, and multiple expansion most of the remaining. $Invesco QQQ Trust(QQQ)$ $DJIA(.DJI)$

ImageImage

According to GS Prime data, hedge fund net exposure remains near 5 year lows and has not moved meaningfully in the last 4 months.

ImageImage

https://twitter.com/Marlin_Capital/status/1641417917999767553

# US Stocks Opportunities

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment68

  • Top
  • Latest
  • MojoStellar
    ·2023-04-01
    thanks for sharing
    Reply
    Report
  • 88wlam88
    ·2023-03-31
    Thanks for sharing
    Reply
    Report
  • SiFu
    ·2023-03-31
    thanks for sharing
    Reply
    Report
  • ramondk
    ·2023-03-31
    Good information
    Reply
    Report
  • nerdbull1669
    ·2023-03-31
    thanks for sharing
    Reply
    Report
  • boo1234
    ·2023-04-02
    go
    Reply
    Report
  • TeoHY
    ·2023-04-02
    Ok
    Reply
    Report
  • phantom74
    ·2023-04-02
    ok
    Reply
    Report
  • ekwee75
    ·2023-04-02
    [Happy]
    Reply
    Report
  • OK
    Reply
    Report
  • MarketWizard
    ·2023-03-31
    thanks
    Reply
    Report
  • blankblank
    ·2023-03-31
    K
    Reply
    Report
  • klimkh
    ·2023-03-31
    ok
    Reply
    Report
  • MBE
    ·2023-03-31
    Ok
    Reply
    Report
  • Boonie77
    ·2023-03-31
    ok
    Reply
    Report
  • Steventeo
    ·2023-03-31
    ok
    Reply
    Report
  • Nick K
    ·2023-03-31
    good
    Reply
    Report
  • aozora
    ·2023-03-31
    Ik
    Reply
    Report
  • Sweatheart
    ·2023-03-31
    [Smile]
    Reply
    Report
  • Tigress02
    ·2023-03-31
    🌷❤️
    Reply
    Report