U.S. Real GDP Growth Goldman Sachs is betting on a still-solid U.S. economy, calling for growth of 2.9% in 2026 and 2.1% in 2027, topping consensus forecasts as cooling inflation and firm hiring underpin the expansion. Image: Goldman Sachs Global Investment Research
S&P 500 Forward Earnings Estimates Improving earnings fundamentals in the S&P 500 are keeping investors cautiously optimistic, as faster growth fuels confidence in another year of equity gains. Image: Real Investment Advice
S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations Consensus expects S&P 500 earnings to rise 7% year on year in 4Q 2025, but results so far are tracking closer to 11%, lifted by stronger revenues. Image: Goldman Sachs Global Investment Research
Gold Price vs. Gold Composite FX Breadth Indicator Gold’s role is shifting: it’s no longer just a safe haven but a cornerstone of monetary stability as central banks keep adding to their reserves in an increasingly fragile global system. Image: J.P. Morgan Flows and Liquidity
Bitcoin, Gold and S&P 500’s Performance Bitcoin has lost some ground lately, but at about 370% above its early‑2023 lows, it looks less like a speculative bet and more like a market finding its footing. Image: Deutsche Bank Research
Bitcoin Drawdown Volatility persists, but Bitcoin’s drop of more than 40% from its October peak looks more like a typical correction than a structural breakdown. In most markets that would be a crash; for Bitcoin, it’s business as usual Image: Bloomberg
Drawdowns from 52-Week Highs for Selected U.S. and Related Stocks Investors aren’t buying every U.S. tech name anymore. The market is picking clear winners and leaving the rest behind, particularly in AI-related stocks. Image: Deutsche Bank
Cumulative Fund Flows Across Assets Many investors continue to favor the relative safety of bonds and money market funds over riskier equities, amid ongoing geopolitical tensions and relatively high interest rates. Image: Goldman Sachs Global Investment Research
Forward P/E Ratio and Subsequent 5-Year Annualized Returns With U.S. stocks still priced for perfection, the easy-money ride in equities looks over, leaving patience as the best trade for the next five years. Image: J.P. Morgan Asset Management
Performance – S&P 500 Relative to FTSE All-World Excluding U.S. US stocks have sunk to a two-year low versus global peers, as tariffs bite and AI gains stay concentrated among a handful of megacaps. Diversifying beyond the U.S. is paying off. Image: Bloomberg
Margin Debt as Percentage of M2 (Measure of Leverage) Leverage lifts returns when markets climb but reveals the weak spots when sentiment turns. Margin debt, as a share of the money supply, now stands at its highest since the dot‑com boom. Image: Real Investment Advice