S&P 500 Cycle-Adjusted P/E

S&P 500 Cycle-Adjusted P/E The S&P500 cycle-adjusted P/E is now 29.9 and 75% above its long-term average, suggesting weak equity returns over the next 10 years. Image: J.P. Morgan

Seasonality – S&P 500 Cycle Composite for 2019

Seasonality – S&P 500 Cycle Composite for 2019 This great chart shows the S&P 500 cycle composite for 2019 vs. the actual S&P 500 composite (places equal weight on: one-year seasonal cycle, four-year presidential cycle, and 10-year decennial cycle). This is not a forecast. Image: Ned Davis Research

Returns – S&P 500 Four Year Presidential Cycle

Returns – S&P 500 Four Year Presidential Cycle Is there a risk of a market correction? The S&P 500 is entering what has historically been a period of weakness. Image: BofA Global Research

Share of Industries in S&P 500 by Stage in the Cycle

Share of Industries in S&P 500 by Stage in the Cycle Currently, companies that constitute 66% of the S&P 500’s market capitalization are growing faster than before the coronavirus pandemic. Image: Deutsche Bank Asset Allocation

S&P 500 Average Across Market Cycles Since 1973

S&P 500 Average Across Market Cycles Since 1973 This chart puts into perspective the typical phases of the U.S. equity market since 1973. Image: Goldman Sachs Global Investment Research