Dow Jones Industrial Average vs. Smart Money Flow Index The Smart Money Flow Index currently suggests that the most probable short-term direction for the U.S. stock market is upward. Image: Paulsen Perspectives

Bloomberg Dollar Spot Index The recent decline of the US dollar toward critical support levels is mainly due to increased policy uncertainty and rapidly shifting investor sentiment. Image: Bloomberg

S&P 500 Valuations The composite S&P 500 valuation indicator—which integrates PE ratios, equity risk premia, and price-based mean reversion factors—has recently reset to a level close to neutral, which is an encouraging sign. Image: Topdown…

ISABELNET Cartoon of the Day When bulls sense a market boom, bears are quick to dismiss it, claiming there’s “nothing to see here.” Have a Great Day, Everyone! 😎

University of Michigan Survey – Consumer Who Expect Higher Unemployment over the Next 12 Months The latest University of Michigan Surveys of Consumers indicate that a significantly higher share of Americans now expect unemployment to…

The Conference Board Leading Economic Index (LEI) for the U.S. In March, the U.S. Leading Economic Index (LEI) fell by 0.7%, pointing to slowing economic activity ahead, but not suggesting an imminent recession. Image: The…

Forward P/E Ratio and Subsequent 5-Year Annualized Returns Considering the valuation of the U.S. stock market, investors may need to adjust their expectations for equity returns, which are likely to be lower in the coming…

Consensus Earnings Estimates Despite economic uncertainties and potential tariff impacts, downward revisions to 2025 EPS estimates have remained modest, underscoring their resilience. Image: J.P. Morgan Asset Management

Two-Day Returns for the S&P 500 The clustering of best and worst days underscores the importance of patience and discipline in investing. Selling after the worst days often means missing the best days that follow!…

S&P 500 – Margin Debt Expansion vs. Contraction A decline in margin debt has historically signaled impending market turbulence, as margin debt levels often reflect investor confidence and risk appetite. Image: Topdown Charts

S&P 500 Returns a Year After Spike in Policy Uncertainty Index The S&P 500 has a history of generating solid 12-month returns after periods of heightened policy uncertainty. Image: Goldman Sachs Global Investment Research