Earnings of Tech Companies

Earnings of Tech Companies While U.S. tech stocks benefit from a wave of strong performance fueled by both hype and solid earnings fundamentals, non-tech stocks continue to experience prolonged earnings stagnation. Image: Topdown Charts

Energy Group Positioning

Energy Group Positioning Energy positioning in the 55th percentile is considered neutral and far from extreme. Image: Deutsche Bank Asset Allocation

S&P 500 3-Month Return Dispersion

S&P 500 3-Month Return Dispersion S&P 500 return dispersion has risen above the long-term average in recent months, indicating that the gap between the best- and worst-performing stocks in the index has widened significantly. Image:…

ISM Composite Index vs. Recessions

ISM Composite Index vs. Recessions The economically weighted ISM composite index for the U.S. shows that economic activity is not booming, but does not suggest a looming recession. Image: Real Investment Advice

VIX – Volatility Index

VIX – Volatility Index Market confidence and complacency, spurred by expectations of Fed rate cuts and strong economic data, have pushed the VIX to its lowest level in 2025; yet, volatility may resurface before year-end.…

Positions in S&P 500 Equity Futures by Asset Managers

Positions in S&P 500 Equity Futures by Asset Managers Despite record highs in U.S. equities, asset managers’ positions in U.S. equity futures are still below their levels from the start of the year. Image: J.P.…

Healthcare Positioning

Healthcare Positioning The rare risk aversion seen in healthcare stocks—stemming from recent underperformance and ongoing uncertainties—could signal significant value for long-term investors willing to endure short-term volatility. Image: Deutsche Bank Asset Allocation

U.S. Core CPI and Headline Inflation

U.S. Core CPI and Headline Inflation Goldman Sachs projects U.S. core CPI inflation at 3.3% year-over-year by the end of 2025, factoring in tariffs, and expects it to gradually ease to 2.6% in 2026 despite…

S&P 500 Market Cap vs. Equal Weighted Returns

S&P 500 Market Cap vs. Equal Weighted Returns The recent underperformance of the S&P 500 Equal Weight Index highlights how the market is currently concentrated in a few large growth stocks that drive returns in…