Valuation – S&P 500 Median P/E Ratio The S&P 500’s median P/E ratio sits at 26.2—a level that leaves stocks looking pricey and raises the odds of thinner returns or a valuation pullback if history is any guide. Image: Ned Davis Research
Fed Funds Rate and 10-Year U.S. Treasury Yield The S&P 500’s record-breaking rally shows no signs of cooling, with market participants now positioning for another Fed rate cut on October 29 to fuel the next leg higher. Image: Goldman Sachs Global Investment Research
Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Call it the American Dream—or a widening divide. The top 1% own roughly half of America’s market wealth. The bottom half? Just 1%. The gap isn’t closing—it’s widening since 1990. Image: Goldman Sachs Global Investment Research
U.S. ETF Flows Cash is flooding into U.S. ETFs—over $1 trillion so far in 2025—a record-breaking surge running more than three times the usual seasonal pace as investors chase diversification and tactical flexibility. Image: Bloomberg
Gold 6-Month Rolling Return Gold just clocked one of its largest 6-month rallies. ETF inflows are surging, physical demand refuses to cool, and the move looks more structural than speculative. Image: Goldman Sachs Global Investment Research
Foreign Investor Ownership Share of U.S. Equity Market With foreign investors holding a record 18% of U.S. stocks, they are chasing the American dream, piling into U.S. equities on hopes that President Trump keeps the bull run alive. Image: Goldman Sachs Global Investment Research
Largest Company in Terms of Market Value in the S&P 500 in Each Year Since 1955 The market’s biggest players usually cluster in the sector riding the economic zeitgeist—and right now, that’s tech. It’s where innovation happens, growth speeds up, and investors chase the next breakout story. Image: Goldman Sachs Global Investment Research
S&P 500 Index Additions by Year With an average turnover of about 4% a year, the S&P 500 is in constant motion—many of today’s constituents weren’t even in the index a decade ago. Image: Goldman Sachs Global Investment Research
U.S. Households’ Allocation to Equity, Bond and Cash Americans have never been so invested—literally—in the market, with household equity allocations at all-time highs, a boom shadowed by warnings of how sentiment can sour overnight. Image: Goldman Sachs Global Investment Research
Flows into Metals Funds Commodity funds—especially those tracking gold and silver—have seen a surge of inflows in recent weeks, fueled by geopolitical jitters, bets on Fed rate cuts, and steady central bank buying. Image: Goldman Sachs Global Investment Research
S&P 500 – Duration Between 3%+ and 5%+ Selloffs The S&P 500 hasn’t stumbled more than 3% in half a year—a winning streak that’s beginning to smack of complacency, the kind that often sets the stage for volatility. Image: Deutsche Bank Asset Allocation