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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 change over time.
Past performance does not guarantee future results.
Wage inflation is represented by the Federal Reserve Bank of Atlanta Wage Growth Tracker. Services inflation is represented by Services Consumer Price Index
Through November 30, 2022
Source: Refinitiv Datastream and AllianceBernstein (AB)
Past performance does not guarantee future results. Reprinted by permission. Copyright © 2022 Bank of America Corporation (“BAC”). The use of the above in no way implies that BAC or any of its affiliates endorses the views or interpretation or the use of such information or acts as any endorsement of the use of such information. The information is provided “as is” and none of BAC or any of its affiliates warrants the accuracy or completeness of the information.
As of November 30, 2022
Source: Bank of America US Equity and Quant Strategy, and Lipper
Historical analysis and current estimates do not guarantee future results.
Annual data from 1988 through 2022
US Market is represented by MSCI USA; US Minimum Volatility by MSCI USA Minimum Volatility
As of December 31, 2022
Source: MSCI, Thomson Reuters Datastream and AB
Past performance and historical analysis do not guarantee future results.
GFC: global financial crisis; HY: high-yield
Left display: yield to worst (YTW) and returns represent Bloomberg US Corporate High Yield Index; right display: YTW and returns represent Bloomberg Global Corporate High Yield Index (USD Hedged).
As of December 31, 2022
Source: Bloomberg and AB
Past performance does not guarantee future results.
*Compares year-to-date revenue through September 2021 to the same time period in 2022
Through December 31, 2022
Source: Bloomberg, Moody’s, National Association of State Budget Officers, US Census Bureau 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 change over time.