S&P 500 Revenues The reported 4.8% real revenue growth for the S&P 500 excluding energy in Q2 2025 is a strong indicator of economic strength, marking the highest growth since early 2022. Image: Goldman Sachs…

U.S. Dollar Around Fed Cuts Typically, the U.S. dollar experiences weakness before the Fed’s initial rate cut, followed by possible strengthening or stabilization as the easing cycle progresses. Image: TS Lombard

Hedge Fund Gross and Net Leverage With gross leverage remaining high and net leverage near its historical norm, hedge funds are able to sustain increased trading activity without markedly increasing their net market exposure. Image:…

Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock The rebound in the S&P 500’s 52-week market breadth shows promising signs of continuing through year-end, supported by broader stock participation, easing…

S&P 500 Buybacks In 2025, record share buybacks show that S&P 500 companies remain confident in their financial health and committed to shareholder returns amid economic uncertainties. Image: Deutsche Bank Asset Allocation

S&P 500 Return Around First Fed Cut After Being on Hold for 6+ Months Historically, when the Fed resumes rate cuts after at least six months of holding rates steady, U.S. stocks have often posted…

10-Year U.S. Treasury Yields with Various Moving Averages When the Fed prioritizes the labor market over inflation, it can reduce the immediate risk of recession by sustaining employment. However, this is likely to increase inflation…

China’s Stock Performance – CSI 300 Index vs. M1 Money Sypply YoY Growth The growth rate of the M1 money supply, a key driver of liquidity and investment capacity, tends to correlate with China’s stock…

U.S. Real Yields and Gold Gold’s typical inverse link to real rates is fundamental, but inflation expectations, central bank buying, geopolitical risks, and investor sentiment driven by debt and fiscal worries can disrupt this relationship…

S&P 500 Performance After 90-90 Days The NYSE “90/90 day” on Friday—when 90% of volume and stocks rose—is rare and bullish. Since 1980, such days often precede strong market gains, with the S&P 500 rising…

S&P 500 Valuation Several long-term valuation metrics indicate that the S&P 500 is significantly overvalued. Historically, elevated valuations like these have typically led to below-average long-term equity returns. Image: Bloomberg