Global Stock Market Capitalization

Market Capitalization History has shown that betting against America has never been a wise choice. Can investors anticipate the U.S. equity market to continue outperforming the European and Asian equity markets? Image: Goldman Sachs Global Investment Research

Median S&P 500 Stock Short Interest as % of Market Capitalization

Median S&P 500 Stock Short Interest as % of Market Capitalization The S&P 500’s median short interest level remains low at 1.8%, suggesting that market participants are generally optimistic, or at least, not strongly bearish about the future performance of the S&P 500. Image: Goldman Sachs Global Investment Research

Sentiment Indicator and Stock Positioning

Sentiment Indicator and Stock Positioning The GS sentiment indicator is stretched, suggesting that market participants are highly optimistic and may have become very bullish. Image: Goldman Sachs Global Investment Research

Valuation – U.S. Equity Market Capitalization to GDP

Valuation – U.S. Equity Market Capitalization to GDP The U.S. equity market cap to GDP ratio is near an all-time high at approximately 187%, suggesting a significant overvaluation of the U.S. stock market. Image: Goldman Sachs Global Investment Research