S&P 500 Earnings Revision Breadth The relationship isn’t perfect, but S&P 500 EPS revision breadth has often led market moves, showing a strong historical link with the index’s six‑month trailing returns. Image: Goldman Sachs Global Investment Research
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Market breadth across the S&P 500 has turned higher again, showing signs of momentum. With more stocks joining the move, the rally is driven by rotation rather than fragility and the bulls like what they see. Image: Goldman Sachs Global Investment Research
S&P 500 Index Returns – Zweig Breadth Thrust Signals Since WWII The Zweig Breadth Thrust that flashed in late April 2025 drew plenty of doubters. Six months later, the S&P 500 has roared nearly 23% higher. Now, another ZBT may be forming, hinting the bulls still have fuel in the tank. Image: Carson Investment Research
Breadth Thrusts and S&P 500 The ongoing Breadth Thrust Regime offers a powerful bullish signal, indicating favorable conditions for U.S. equities until at least May 2026, particularly with the S&P 500 reaching new highs. Image: Hi Mount Research
S&P 500 and Zweig Breadth Thrust Bulls have reason to smile as the Zweig Breadth Thrust has perfectly predicted S&P 500 gains in all 19 post-WWII instances, averaging 23.4% returns within a year and never producing losses over 6- or 12-month horizons. Image: Carson Investment Research
S&P 500 and Breadth-Based Stock Market Bottom Signal A signal indicating a potential market bottom, based on extreme breadth levels, has been triggered. Historically, such signals often precede market turning points but are not infallible and can sometimes appear prematurely. Image: Bloomberg
Stocks – High Quality Relative Earnings Revisions Breadth and High Quality Factor Relative Performance In a late-cycle market, investors looking for stability might find high-quality stocks appealing, given their historical ability to provide robust protection against both market volatility and economic downturns. Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth and S&P 500 YoY Performance The divergence between earnings revisions and S&P 500 performance suggests that investors are looking beyond current analyst estimates, potentially betting on stronger-than-expected corporate performance. Image: Morgan Stanley Research
Market – Breadth Index With the Goldman Sachs Breadth Index at 21, it remains below the 30-year average of 35, indicating that fewer stocks are contributing to market gains. Image: Goldman Sachs Global Investment Research
Market Breadth – Percentage of MSCI AC World Stocks Above 200-Day Moving Average The decline in prices and selling pressure in April did not have a negative impact on the breadth of the market. Image: BofA Predictive Analytics
S&P 500 Earnings Revisions Breadth Earnings revisions breadth for both large and small caps has returned to negative territory, which means that the overall sentiment and expectations for future earnings have worsened. Image: Morgan Stanley Research