U.S. Stocks Relative to Bonds Over the past nine months, U.S. stocks have shown remarkable resilience compared to bonds, reflecting a persistent “risk-on” sentiment in markets despite increased volatility and macroeconomic challenges. Image: Bloomberg
U.S. Household Ownership of Stocks, % of Total Assets The elevated equity exposure of U.S. households, while not an absolute sign of impending market downturns, highlights the necessity for cautious investment decisions and strategic portfolio management. Image: J.P. Morgan
Magnificent Seven Stocks Return Amid mounting economic and geopolitical pressures, the Magnificent Seven stocks are facing their worst quarter since 2022, triggering a ripple effect on the broader market. Image: Bloomberg
Magnificent Seven Stocks vs. Unprofitable Tech The Magnificent 7’s market dominance may be waning, at least in the short-term, as unprofitable tech stocks have recently outperformed these tech giants, indicating a broader market expansion. Image: Goldman Sachs Global Investment Research
Magnificent Seven Stocks – Change in Number of Hedge Fund Owners During the fourth quarter of 2024, hedge funds reduced their exposure to the “Magnificent Seven” stocks as the weight of these stocks in portfolios reached record levels. Image: Goldman Sachs Global Investment Research
America’s Magnificent Seven Stocks The Magnificent Seven stocks have underperformed the S&P 500 year-to-date. This is a significant shift from the trend observed in recent years, where these stocks were the primary drivers of the S&P 500’s performance. Image: Goldman Sachs Global Investment Research
Performance – % of S&P 500 Stocks Outperforming the Benchmark by Year Market leadership has diversified in 2025. Unlike the 2023/2024 period when a few large tech companies led the way, now nearly half of S&P 500 stocks are outperforming the index. Image: Yahoo Finance
AAII – U.S. Retail Investors Allocation to Stocks, Bonds and Cash High equity allocations and low cash positions don’t always mean a market reversal is near. However, they suggest that much of the market’s potential gains may already be priced in, as investors have heavily committed to equities. Image: Real Investment Advice
S&P 500 Top 5 Stocks’ Weight vs. 1-Year Forward Returns While the current high market concentration is a significant feature of today’s market landscape, it doesn’t necessarily predict poor performance in the near term. Image: Goldman Sachs Global Investment Research
One-Day Move in U.S. Stocks that Beat on 4Q EPS in Excess of S&P 500 The market’s positive response to earnings beats, despite uncertainties surrounding Trump’s policies and the Fed’s direction, suggests that strong corporate performance is outweighing other factors in driving investor sentiment. Image: Bloomberg
Stocks – GRANOLAS vs. Magnificence Seven Driven by remarkable growth in the technology and AI sectors, the performance gap between the Magnificent Seven and the GRANOLAS has widened significantly since the start of 2024. Image: Goldman Sachs Global Investment Research