Median S&P 500 Stock Short Interest as % of Market Capitalization The elevated median short interest in the S&P 500 for 2025 suggests that investors are more cautious, but it does not yet signal widespread bearishness or panic. Image: Goldman Sachs Global Investment Research
Performance – % of S&P 500 Stocks Outperforming the Benchmark by Year Market leadership has broadened in 2025. Whereas a handful of large tech companies dominated in 2023 and 2024, more than half of S&P 500 stocks are now outperforming the index. Image: Ned Davis Research
Median S&P 500 Stock Bid-Ask Spread Bid-ask spreads for S&P 500 stocks have widened significantly in recent trading sessions, driven by heightened market volatility and liquidity strains. Image: Goldman Sachs Global Investment Research
Share of Median S&P 500 Stock’s Trailing 6-Month Return Explained by Micro Factors 74% of the median S&P 500 stock’s trailing 6-month return can be explained by micro factors, which is significantly above the long-term average of 58%. Image: Goldman Sachs Global Investment Research
S&P 500 Stocks Net Call Volume The surge in call option activity for mega-cap growth, tech, and defensive stocks indicates ongoing bullish sentiment, while also hinting at possible market shifts ahead. Image: Deutsche Bank Asset Allocation
S&P 500 Stocks – Earnings Day Moves Last quarter set a 15-year record for earnings day volatility, with 12% of S&P 500 stocks experiencing price movements greater than 10%. Image: Goldman Sachs Global Investment Research
Percentage of S&P 500 Stocks That Ultimately Underperform/Outperform the S&P 500 When it comes to investing in the S&P 500, the stocks investors choose make all the difference in their investment journey, as the right choices can significantly improve returns. Image: BofA US Equity & Quant Strategy
S&P 500 Stock Splits – Median Relative Performance vs. Sector While stock splits do not inherently change a company’s value, the increased investor interest they generate often leads to short and medium-term outperformance relative to the sector. Image: BofA US Equity & Quant Strategy
Percentage of S&P 500 Stocks Above 200-Day Moving Average The percentage of S&P 500 stocks above their 200-day moving average is showing signs of a bearish divergence, which can be an early warning signal of a potential market correction. Image: BofA Global Research
Share of S&P 500 Stocks Underperforming the Index Despite the strong performance of the S&P 500 index in 2023, more than 70% of the individual stocks within the index underperformed, indicating that the overall gains were driven by a relatively small number of stocks. Image: Gavekal, Macrobond
S&P 500 and the Percentage of S&P 500 Stocks Above 50-Day Moving Averages The percentage of S&P 500 stocks trading above their 50-day moving averages is a warning sign, which could potentially have negative implications for the overall market performance. Image: BofA Global Research