Excess CAPE Yield and Subsequent 10-Year Real Return The excess CAPE yield, which measures the gap between bond yields and the inverse of the P/E ratio, indicates that U.S. stocks look pricey, making now a…
U.S. Stock Market Valuations – Combined P/E Ratio U.S. tech stocks still command a premium over the broader market, fueled by strong growth prospects, though that gap looks unlikely to close unless a recession shakes…
Rolling S&P 500 Change Over 11 Sessions It’s a rare burst of momentum: the S&P 500 has gained more than 10% in just 11 sessions, something that’s happened only 15 times this century. Moves like…
U.S. Real GDP Growth Betting on the resilience of the U.S. economy, Goldman Sachs sees growth holding at 2.3% in 2026 and easing slightly to 2.0% in 2027, helped by tax cuts, easier financial conditions,…
S&P 500 Index – Best and Worst Days For the S&P 500, the best and worst days often land right next to each other. Miss the best sessions and you leave returns on the table,…
S&P 500 Performance After Back-To-Back 3% Weekly Gains Another sign the bottom may be behind us: the S&P 500 has just posted back‑to‑back weekly gains of more than 3%. Since 1950, stocks have been higher…
S&P 500 Seasonal Composite 4 Year Presidential Election Cycle The S&P 500 is following the familiar midterm‑year script, with gains often building into mid‑April before the market starts to lose momentum as the election comes…
Valuation – S&P 500 Forward P/E Valuations have cooled sharply: the Mag 7 now trades at 25 times forward earnings, down from January’s lofty 31. Still pricey, sure. But in today’s market, it’s the best…
EPS Revisions Upward EPS revisions across the S&P 500, the STOXX 600, and particularly MSCI EM, point to rising confidence in 2026 earnings, with momentum still leaning toward strength. Image: Goldman Sachs Global Investment Research
S&P 500 Index Yesterday, the S&P 500 rose 0.8% to close above 7,000, marking its first record since late January. The milestone underscores how tech stocks continue to power the broader rally. Image: Bloomberg
U.S. Economic Forecasts Deutsche Bank forecasts resilient US growth through 2026 and 2027, but expects core inflation to stay well above the Fed’s 2% target and unemployment at 4.4%. Resilient growth sounds good, but persistent…