Systematic Equity Positioning Systematic equity positioning being in the 60th percentile indicates that it is not far from a neutral position and does not exhibit a strong bias towards either bullish or bearish positions. Image: Deutsche Bank Asset Allocation
Consolidated Equity Positioning Consolidated equity positioning stands at the 50th percentile. The move towards a neutral position may indicate a cautious outlook among investors. Image: Deutsche Bank Asset Allocation
Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA Leveraged funds and asset managers have slightly tempered their bullishness but continue to hold significant net long positions in U.S. equity futures. Image: Deutsche Bank Asset Allocation
Equity Positioning The initial post-election stock market rally has largely faded. Equity positioning has declined sharply, approaching neutral levels and effectively erasing the gains seen after the November 2024 election. Image: Deutsche Bank Asset Allocation
YTD Equity Return vs. U.S. In 2025, the relative outperformance of international stocks compared to U.S. equities has underscored the benefits of diversification for investors so far. Image: Goldman Sachs Global Investment Research
Hedge Fund and Mutual Fund Equity Exposure In a sign of optimism about the current economic climate, hedge funds and mutual funds have collectively increased their stakes in U.S. equities, which paints a picture of growing confidence in the U.S. stock market. Image: Goldman Sachs Global Investment Research
U.S. Share of Global Equity Market The U.S. share of the global equity market has significantly increased. While this concentration has benefited investors with high U.S. exposure, it also raises concerns about proper diversification and exposure to other markets. Image: Goldman Sachs Global Investment Research
U.S. Household Equity Ownership vs. S&P 500 Valuations Despite positive economic indicators and strong investor sentiment supporting the current market, the high levels of household equity allocation present risks that could trigger corrections and impact long-term returns. Image: Real Investment Advice
U.S. Equity Index P/E Valuations vs. History Current valuations for tech and S&P 500 indexes exceed historical averages. While this doesn’t necessarily predict immediate declines, it suggests potentially lower future returns and increased vulnerability to market downturns. Image: Goldman Sachs Global Investment Research
Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total Concerns about overconcentration risks are growing as the top 10 stocks in the S&P 500 hold a significantly larger weight in the index than their share of earnings would suggest. Image: Goldman Sachs Global Investment Research
Equity Net Long Positioning – Leveraged Funds and Asset Managers Net Future Positions Leveraged funds and asset managers continue to maintain significant net long positions in U.S. equity futures, despite showing some reduced bullishness. Image: Goldman Sachs Global Investment Research