Equity Sector Flows Strong inflows continue to bolster the technology sector, reflecting sustained bullish sentiment among investors and supporting the sector’s resilience and growth. Image: J.P. Morgan Equity Derivatives Strategy
Notional Volume Traded in Listed U.S. Equity Options Thanks to strong participation from both retail and institutional investors, U.S. equity options are seeing rising average daily trading volumes—a trend that shows no signs of slowing down. Image: Goldman Sachs Global Investment Research
Systematic Equity Positioning Systematic equity positioning has fallen to the 4th percentile, reflecting an extremely cautious stance—potentially signaling a contrarian buying opportunity in the market. Image: Deutsche Bank Asset Allocation
U.S. Equity Index P/E Valuations vs. History Despite recent price declines, neither the tech sector nor the S&P 500 looks historically cheap. Image: Goldman Sachs Global Investment Research
Consolidated Equity Positioning Consolidated equity positioning at the 2nd percentile highlights elevated risk aversion in today’s market, suggesting significant upside potential should trade tensions ease. Image: Deutsche Bank Asset Allocation
Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA While leveraged funds and asset managers have slightly scaled back their bullish stance, they still maintain substantial net long positions in U.S. equity futures. Image: Deutsche Bank Asset Allocation
Discretionary vs. Systematic Equity Positioning Following the 90-day reprieve on reciprocal tariffs, discretionary investors slightly increased their positions, whereas systematic strategies saw sharp reductions, likely due to lingering uncertainty over tariff implications. Image: Deutsche Bank Asset Allocation
Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) U.S. households own 38% of the U.S. equity market, demonstrating strong confidence in stocks. However, stock ownership is highly concentrated, with the wealthiest 10% holding approximately 90% of all household-owned equities. Image: Goldman Sachs Global Investment Research
Discretionary Equity Positioning Discretionary equity positioning is at the 14th percentile, reflecting investor caution without extreme bearishness. This leaves room for significant upside if trade tensions ease. Image: Deutsche Bank Asset Allocation
Global Market Implied Equity Risk Premiums The current low U.S. equity risk premium highlights a difficult investment climate, with investors potentially undercompensated for the risks of equity investing. Image: Goldman Sachs Global Investment Research
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance Investor risk appetite in the U.S. equity market remains low in April, amid concerns over the political environment, economic outlook and fiscal policy. Image: S&P Global Market Intelligence