U.S. Stock Market Bull and Bear Indicator – S&P 500 Two Mondays ago, our Stock Market Bull & Bear Indicator was bullish well before the opening bell and the S&P 500 didn’t disappoint, ending the…

Investor Sentiment – U.S. Market Greed/Fear Index With the Greed and Fear Index at 86.63, risk appetite is running hot. That is helping fuel the rally, but it also leaves the market vulnerable to a…

S&P 500 Price Target for 2026 Goldman Sachs is sticking with its call for earnings to push the S&P 500 to 8,000 in 2026, a 17% annual return even if the road there stays bumpy.…

Consolidated Equity Positioning At the 58th percentile, consolidated equity positioning sits modestly overweight, with plenty of room to run before crowding becomes a concern. Image: Deutsche Bank Asset Allocation

Indexed Returns of AI-Related Portfolios vs. Equal-Weight S&P 500 The AI rally has largely been an infrastructure trade, rewarding chipmakers, data-center builders and cloud platforms, while leaving software and productivity stocks behind. Image: Goldman Sachs…

Flows into Gold Funds Demand for gold funds is picking up again as retail investors return to ETFs, central banks keep adding to their reserves and the macro backdrop continues to favor gold. Image: Goldman…

U.S. Equity Index P/E Valuations vs. History Appetite for risk remains strong. At 26 times forward earnings, the Russell 2000 trades above both the Nasdaq 100, at 24, and the S&P 500, at 20. Even…

Global Cross Asset Risk Sentiment Global investors are firmly risk-on, but sentiment is constructive rather than euphoric, keeping the door open to further gains. Image: TS Lombard

Top 7 Hyperscaler Capex Forecast This year, the top seven U.S. hyperscalers are on track to pour almost $900 billion into capex, with 2027 set to drive the total toward $1.5 trillion. What began as…

U.S. Corporate Profits and S&P 500 Relative Total Return to U.S. Treasuries Earnings are still riding on nominal growth, and with valuations creeping higher, strategists see enough fuel to stay tactically bullish on U.S. equities…

Long/Short Momentum Factor Returns Around 3-Month Rallies of 20%+ The AI trade has cooled, but the broader trend remains intact. Price action still looks typical of a momentum rally, setting up the possibility of another…