U.S. Dollar Index (DXY) and DXY Weighted 2-Year Rate Differential The U.S. dollar’s recent gains have been surprisingly modest, given the backdrop. In fact, rate differentials still argue for a softer greenback. Image: TS Lombard
Average U.S. 10-Year Treasury Yield Performance After Oil Shocks Historically, sharp oil‑price spikes have often, but not always, been followed by weaker bond performance because higher energy costs push headline inflation and expectations of future inflation higher. Image: Deutsche Bank
Valuation – S&P 500 NTM P/E With a forward P/E of 16 versus 20 for the benchmark, the equal-weight index isn’t a bargain, but it looks relatively more attractive. Image: Goldman Sachs Global Investment Research
New York Fed GDP Nowcast The New York Fed nudged its Q2 2026 US GDP Nowcast up to 2.68% from 2.67% a week ago, a marginal lift that keeps the steady‑growth narrative intact. Nothing that really shifts the picture so far. Image: Federal Reserve Bank of New York Click the Image to Enlarge
Energy Positioning vs. Oil Price Energy positioning is lagging what you’d expect considering how far oil prices have already moved up. Image: Deutsche Bank Asset Allocation
U.S. Unemployment Rate Softer growth is set to nudge joblessness higher, with U.S. unemployment seen near 4.6% by year‑end and closer to 4.9% under a harsher oil shock scenario. Image: Deutsche Bank
S&P 500 Index The S&P 500 has gone nowhere for six months, stuck in a tight trading range. A long consolidation like this often sets up a bigger breakout, one way or the other. Image: Bloomberg
S&P 500 3-Month Option-Implied Volatility Since 2024, the volatility of the average stock in the S&P 500 has been on the rise. Image: Goldman Sachs Global Investment Research
Net Bullish Sentiment vs. S&P 500 Index Investor sentiment has turned sharply risk‑averse in recent weeks, as the Middle East conflict and its potential spillovers have made markets more cautious about risk assets. Image: Real Investment Advice
S&P 500 Performance per Year of a 4-Year Presidential Cycle Even when midterms shake investor sentiment, history leans bullish, with U.S. stocks up an average of 8.8% in second presidential terms since 1950. Midterm jitters often fade faster than many think. Image: Carson Investment Research
Truck Tonnage vs. S&P 500 Index The Truck Tonnage Index rose surged 2.6% in February. Trucks represent 72.7% of U.S. freight and serve as a barometer of the U.S. economy. This chart shows that, historically, the U.S. stock market has tended to increase in line with the physical size and expansion of the U.S. economy…