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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Past performance and current analysis do not guarantee future results.
*US large-caps represented by S&P 500, emerging markets by MSCI Emerging Markets, UK by MSCI UK, Japan by MSCI Japan, Europe ex UK by MSCI Europe ex UK, Australia by MSCI Australia, US small-caps by Russell 2000 and China by MSCI China A.
As of June 30, 2024
Source: FactSet, FTSE Russell, MSCI, S&P and AllianceBernstein (AB)
Past performance and current analysis do not guarantee future results.
As of June 30, 2024
Source: MSCI and AB
Past performance does not guarantee future results.
Equity real returns are the average annualized five-year total returns of the S&P 500 adjusted for the change in the US consumer price index (CPI). Treasury bonds real returns are the average annualized five-year total returns of US 10-year Treasury bonds (constant duration) less the realized change in CPI data through January 31, 2024.
As of January 31, 2024
Source: Robert Shiller's database and AB
Past performance and current analysis do not guarantee future results.
For the first half of 2025, earnings estimates cover about 100% of S&P 500 companies and about 67% of MSCI World companies.
As of May 31, 2024
Source: FactSet, MSCI, S&P and AB
Past performance and current analysis do not guarantee future results.
Earnings-per-share (EPS) estimates and report figures are sourced from Thomson Reuters I/B/E/S. Quarter refers to the quarter in which the report was released. Reports in which the actual EPS value is within $0.005 of the average EPS estimate are classified as “meets”. “Beats” and “misses” are defined as reports in which the difference between actual EPS value and the estimate is greater than $0.005 or less than –$0.005, respectively. Returns are sourced from IDC. Total price response is the cumulative USD return of the stock from five weekdays before the report to five weekdays after the report, minus the cumulative benchmark return for the same period.
As of June 20, 2024
Source: IDC, MSCI, S&P, Thomson Reuters I/B/E/S and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
References to specific securities discussed are not to be considered recommendations by AllianceBernstein L.P.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.
Investment involves risk. The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this publication. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this publication. This article is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer of solicitation for the purchase or sale of, any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. This presentation is issued by AllianceBernstein Hong Kong Limited (聯博香港有限公司) and has not been reviewed by the Securities and Futures Commission.