Huge Advancing Volume as a % of Total Volume and What the S&P 500 Did Next NYSE’s surging advancing volume on Wednesday is highly bullish, with historical data since 1980 showing the S&P 500 consistently…
ISABELNET Cartoon of the Day With U.S. stocks down YTD, bears are busy penning eulogies for the market. Bulls, however, are buying the dip like it’s Black Friday—happier than kids in a candy store! Have…
Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA While leveraged funds and asset managers have slightly scaled back their bullish stance, they still maintain substantial net long positions in U.S. equity…
Estimated U.S. Recession Probability Goldman Sachs revised its 12-month US recession forecast to 45%, down from 65%, citing reduced risks after the tariff pause. Image: Goldman Sachs Global Investment Research
Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) U.S. households own 38% of the U.S. equity market, demonstrating strong confidence in stocks. However, stock ownership is highly concentrated, with the wealthiest…
Gold Price Forecast Goldman Sachs raised its gold price forecast to $3,700 per ounce from $3,300, with a range of $3,650–$3,950, citing stronger-than-expected demand from central banks and ETFs as key drivers of the increase.…
Discretionary Equity Positioning Discretionary equity positioning is at the 14th percentile, reflecting investor caution without extreme bearishness. This leaves room for significant upside if trade tensions ease. Image: Deutsche Bank Asset Allocation
Median S&P 500 Stock Bid-Ask Spread Bid-ask spreads for S&P 500 stocks have widened significantly in recent trading sessions, driven by heightened market volatility and liquidity strains. Image: Goldman Sachs Global Investment Research
S&P 500 and Combination of Forward PE, VIX, Bullish Sentiment The Euphoriameter indicator (a combination of forward P/E, VIX, and bullish sentiment) peaked in November 2024 and continues its downward trend, with no bottoming signal…
Indexed Return of Cyclicals vs. Defensives and Consensus Forward 4-Quarter U.S. GDP Growth While the U.S. stock market reflects some caution amid global uncertainties, its resilience indicates that a full-blown recession scenario is not yet…
S&P 500 Corrections and Bear Markets Since World War II Corrections and bear markets, while inevitable and uncomfortable, often reset valuations—providing long-term investors a chance to reevaluate holdings and build positions at attractive levels. Image:…