Global Equity Valuations With U.S. equities priced at a premium and other global markets—such as Emerging, Frontier, and non-US Developed Markets—offering more attractive valuations, investors are reevaluating their global diversification strategies. Image: Topdown Charts

Stock Buybacks vs. S&P 500 With companies entering blackout periods in mid-June, share buybacks will slow, reducing a major source of equity demand. In an overbought market, this could amplify any weakness until buybacks return…

S&P 500 Index Performance After Geopolitical and Major Historical Events While geopolitical events may cause short-term market disruptions, markets have historically shown resilience and recovered over time, especially beyond the usual 12-month tactical window. Image:…

Aggregate Financial Asset Allocation Among Households, Mutual Funds, Pension Funds, and Foreign Investors With investor allocation to equities at an all-time high, the market is increasingly vulnerable to volatility and significant losses, particularly if a…

U.S. Dollar vs. Gold – Share in Global Reserves As countries and central banks seek to reduce their reliance on the U.S. dollar for reserves and international trade, gold has emerged as the preferred alternative…

Trade Weighted Dollar vs. U.S. Inflation Surprises Since February 2025, the U.S. dollar has closely tracked inflation surprises, as both headline and core inflation came in lower than expected, reflecting Fed policy expectations and concerns…

S&P 500 Recovery In just over two months, the post-“Liberation Day” recovery in the S&P 500 is the strongest and fastest on record, surpassing any rebound seen in the last 75 years. Image: Deutsche Bank…

S&P 500 Earnings Yield Minus U.S. 10-Year Treasury Yield The recent rally has made U.S. equities relatively expensive compared to bonds. Historically, when the risk premium has been at current levels, the S&P 500 has…

NFIB Confidence vs. U.S. Small-Cap Stocks The annual rate of change in the NFIB Small Business Survey is closely correlated with the performance of U.S. small-cap stocks, making the NFIB index a valuable economic indicator…

Stock Returns over the Past 33 Presidential Terms Starting on Inauguration Day U.S. stocks, after experiencing a historic drop at the start of the year, have made a strong recovery during Trump’s second term and…

Buybacks – Announced Share Repurchases for S&P 500 Companies In 2025, U.S. companies are announcing record share buybacks, with repurchases projected to surpass $1 trillion for the year—a move intended to support stock prices, improve…