U.S. Stock Market Bull and Bear Indicator – S&P 500 Tuesday last week, our Stock Market Bull & Bear Indicator was bullish well before the opening bell and the S&P 500 followed through, closing up 0.41%. Using multiple financial data, this great model helps investors navigate through different market conditions. It suggests whether the U.S.…
Different Market Sentiment Indicators Investors’ risk appetite is gaining ground, lifted by strong global equity inflows, and markets show no sign of losing steam. Image: Goldman Sachs Global Investment Research
Sentiment Indicator and Stock Positioning Goldman Sachs’ U.S. Equity Sentiment Indicator is holding flat at 0.0, a neutral reading that has often been followed by S&P 500 upside over the next month. Image: Goldman Sachs Global Investment Research
U.S. Heavy Truck Sales and Recessions (Leading Indicator) U.S. heavy truck sales rose in December to 392K (annualized). Before recessions, heavy trucks sales tend to peak and then decline, providing insights into the overall health of the U.S. economy as a leading economic indicator. Click the Image to Enlarge
S&P 500 Performance and Risk Appetite Indicator Good news for the bulls: Goldman Sachs’s Risk Appetite Indicator broke above 1.0 last week, a bullish signal that has historically lined up with roughly 15% median gains in the S&P 500 over the next 12 months. Image: Goldman Sachs Global Investment Research
Risk Appetite Indicator for Different Asset Classes Investors’ appetite for equities has surged, showing signs of overheating and leaving little margin for error. Image: Goldman Sachs Global Investment Research
Risk Appetite Indicator Goldman Sachs’s Risk Appetite Indicator has climbed to its highest level since early 2025, as investors pile into riskier assets in search of steady returns. Image: Goldman Sachs Global Investment Research
OECD G20 Composite Leading Indicator The OECD’s global leading indicator is running above trend and gaining momentum, signaling a pickup in the global growth cycle that has historically coincided with stronger risk-asset performance over government bonds. Image: TS Lombard
Risk Appetite Indicator Level and Momentum Factors Goldman Sachs’s Risk Appetite Indicator shows investors remain comfortable taking on risk, chasing steady returns with few signs of overheating. Image: Goldman Sachs Global Investment Research
S&P 500 Positioning Indicator With U.S. equity positioning largely neutral, there’s room for investors to lean back into risk. Market conditions remain supportive for risk-on moves. Image: TS Lombard
U.S. High-Yield Spreads vs. Corporate Cash Flow as % of Debt (Leading Indicator) Rising AI infrastructure spending and swelling debt are draining liquidity, setting the stage for weaker cash-flow-to-debt ratios in 2026 and wider credit spreads across the sector. Image: Bloomberg